State at the top in obtaining loans and revenue deficit, alleges TDP
The Hindu
‘YSRCP pushing Andhra Pradesh into a state of bankruptcy’
The State has achieved the distinction of being at the top, both in acquiring loans and in revenue deficit in the first half of the financial year 2021-22, and Finance Minister Buggana Rajendranath Reddy owes an explanation on this, TDP national spokesman K. Pattabhi Ram has said.
Addressing the media on Saturday, Mr. Pattabhi Ram said the State’s revenue deficit stood at ₹33,140 crore despite the YSRCP government borrowing loans worth a whopping ₹39,933 crore in the first six months of this financial year.
“This is proof of how the money acquired through loans and tax revenues is being diverted by the corrupt YSRCP, which has shunned welfare of the people,” Mr. Pattabhi Ram alleged.
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