AP Govt giving false accounts to CAG: TDP

-YCP rule committed Rs 66,000 Cr irregularities: GV Reddy
-Demands white paper on AP loans, spendings

AMARAVATI: TDP national official spokesperson G.V. Reddy on Monday slammed the YSRCP Government in Andhra Pradesh for submitting all false accounts to the Comptroller and Auditor General (CAG) of India. G.V. Reddy said that in all, the Jagan Mohan Reddy Government has committed financial irregularities to the tune of Rs. 66,000 Cr. The AP Government was showing deflated loans and expenditure to the CAG as per the monthly indicators.

Addressing a press conference here, the TDP leader demanded that the Chief Minister release a ‘white paper’ on the State’s real financial situation. The YCP leaders had no courage to come for a debate on the massive loans brought in the past three years. G.V. Reddy termed it shameless on the part of the ruling YSRCP to get reports published in Sakshi that AP loans were lower when compared to other States. False reports were being circulated that only Rs. 25,194 Cr loans were brought though the budget showed Rs. 37,029 Cr.

The TDP leader said that as per CAG’s monthly key indicators, AP loans touched Rs. 51,112 Cr by February, 2022 itself. How could such a huge debt be shown as reduced to Rs. 25,000 Cr by March, 2022? As usual, the AP Government was submitting totally false and concocted figures to the CAG.

G.V. Reddy said that the loan repayment made in public account was shown in main account in violation of rules. Public account was for public savings that the Government would keep repaying. False accounts were shown that Rs. 1,00,293 Cr was paid towards this during 2021-`22. Loans brought through Government corporation were not submitted to the CAG.

The TDP leader said Telangana loans went up from Rs. 43,000 Cr in February, 2022 to Rs. 47,690 Cr in March, 2022. Contrary to this, AP loans were shown as being reduced during this period. Whereas, only through the RBI, the AP Government brought Rs. 25,000 Cr loans during 2021-`22.

G.V. Reddy said that AP got badly stuck in a deep debt trap just like Sri Lanka. In another four to five months, Andhra Pradesh would become totally bankrupt. It was high time that the people should question the ruling YSRCP leaders about the State loans during their Gadapa Gadapaku visits.

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