YSRCP govt raised State debts by Rs 1Lakh crore: N Chandrababu Naidu

Amaravati: TDP national president N Chandrababu Naidu lambasted the State government for not showing any commitment or assurance in its Budget for 2020-21 to make genuine efforts to uplift the poor people and usher in balanced growth in the State.

Addressing a press conference on Tuesday, he found fault with the policies of Chief Minister YS Jagan Mohan Reddy, which resulted in decline in agricultural growth rate to just 8 per cent as against 11 per cent during the TDP regime.

The TDP supremo compared the present government's financial performance with his government and criticised that there was no development or progress for the last one year.

He said that the previous TDP government spent Rs 19,976 cr on capital expenditure in 2018-19 while the YSRCP regime could spend only Rs 12,865 crore.

This was not even half of its commitment and that too it was a revised estimate, not actual.

In respect of loans, AP got Rs 2.57 lakh cr debts since formation of the State till 2018-19. This was raised to Rs 3.02 lakh cr in the last one year and estimated to be Rs. 3.5 lakh cr next year.

The YSRCP raised the State debt by Rs 1 lakh cr, he pointed out. Naidu said the YSRCP government failed to spend the allocations it made for the crucial agriculture and irrigation sectors in 2019-20.

While the previous TDP government spent Rs 14,000 crore for irrigation in 2018-19, the YSRCP spent only Rs. 4,900 crore only during 2019-20.