A day after Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy said that the debt progress of the state is much less in comparison with the earlier Telugu Desam Social gathering (TDP) regime, TDP chief and former Finance Minister Y. Ramakrishnudu on Sunday dared him for a debate.

Ramakrishnudu stated the Chief Minister ought to come ahead for an open debate on the heavy debt burden on the State.

He stated the Chief Minister and his cupboard colleagues have been altering tack fairly continuously on the way forward for Andhra Pradesh with regard to the liabilities of the state.

“I’m prepared for an open debate with the Chief Minister within the presence of the Comptroller and Auditor Normal (CAG) officers on the borrowing of the state,” Ramakrishnudu stated.

Expressing anguish on the “distortion of the information”, although as an skilled economist, he has been narrating sure information on the state’s financial situation, the TDP chief stated that even constitutional authorities just like the CAG are being misled by the state authorities.

“Is it not a undeniable fact that the CAG has brazenly said that the small print aren’t being submitted to it,” he requested.

“The Chief Minister is resorting to false propaganda that the State is making much less borrowings than earlier,” he stated and made it clear that Jagan Mohan Reddy will go down in historical past because the Chief Minister who made the utmost borrowings.

He’s extra focussing on elevating money owed and misusing these funds than welfare of the state, Ramakrishnudu alleged.

The whole debt burden on the state from 1956 until 2019 was Rs 2.53 lakh crore whereas Jagan Mohan Reddy, in these three and a half years inflated the extent of burden to Rs 6.38 lakh crore, the previous Finance Minister stated.

This aside, the dues to be paid to the staff as salaries and the payments to be cleared for the contractors quantity to hundreds of crores of rupees, he stated.

“This clearly signifies that by the point Mr Jagan’s five-year time period ends the whole money owed might cross even Rs 11 lakh crore,” he added.

Observing that the whole money owed through the TDP regime was Rs 1,63,981 crore of which main share was allotted to capital expenditure, Ramakrishnudu stated throughout these three and a half years, after the YSRCP got here to energy, the foremost share of money owed was allotted to income expenditure.

The audit report of 2019-20 clearly talked about that Rs 26,000 crore off-budget borrowings weren’t mirrored within the price range, and in 2020-21 and 2021-22 too the off-budget borrowings weren’t introduced even to the CAG, thus burying the information, Ramakrishnudu stated. He demanded that the balance-sheets of the firms be introduced within the public area and the Chief Minister come for an open debate to current the information earlier than the general public.