CAG reports expose NDA government’s ‘financial indiscipline’, says Jagan

Jagan Mohan Reddy criticizes NDA's financial management, citing CAG reports and demanding accountability for declining revenues and fiscal deficits.

YSR Congress Party (YSRCP) president Y.S. Jagan Mohan Reddy says that the CAG reports tabled in the Legislative Assembly have exposed the NDA government’s financial indiscipline.

“The coalition government has borrowed a whopping ₹3.20 lakh crore in two years compared to ₹3.31 lakh crore mobilised by the YSRCP dispensation during its five-year term between 2019-24,” the former Chief Minister said while addressing a press conference at the party central office at Tadepalli on Wednesday.

Mr. Jagan Mohan Reddy said there was no clarity on where that money had gone as the Super Six promises were not implemented, while the State revenues fell, which “clearly indicates pilferage and rampant corruption.”

The government owed an explanation for the declining revenues and mounting fiscal deficit, he said, adding that the borrowings had imposed a huge burden in the form of interest payable.

He observed that the Budget Session of the Legislative Assembly was used to spread lies, false propaganda and level baseless allegations against the political adversaries of the TDP, JSP and BJP, while sweeping genuine questions raised by the opposition party on issues of public interest under the carpet.

He said while the State’s financial position was alarming, Chief Minister N. Chandrababu Naidu had been harping on the Tirupati ladduissue “in spite of all the accusing fingers pointing towards him (the Chief Minister).”