Hyderabad, Dec 14: Ridiculing the coalition government for its doublespeak on loans and financial discipline, YSRCP has said the exorbitant loans taken by the State do not reflect in the welfare measures. Further, the diminishing revenue receipts give a clear picture of Chandrababu’s inefficiency in wealth creation.
Speaking to media here on Sunday, former minister Buggana Rajendranath said the same persons and media that raised a hue and cry on YS Jagan Mohan Reddy for adopting on certain financing means for securing borrowings, are now resorting to the same in a more crude manner and in a least transparent manner. This very clearly exposes its doublespeak.
Chandrababu Naidu and his publicity mechanism had objected most vehemently, when we borrowed monies through NCD issuance leveraging on proceeds of liquor sales to meet the welfare expenses. Now the TDP Government is borrowing through the same structure. The stand of the TDP is such that when they are in opposition such financing structures are equivalent to crimes and when they are in power, such financing structures contributes to wealth creation.
YSRCP challenges the TDP to either clarify to public that the financing structure that they described as a fraud, when in opposition and are now adopting for raising borrowings was part of a scheme perpetrated by the TDP in opposition for purposes of misleading the people or convey to people that despite believing such financing structure to be a fraud, they are now adopting it.
Further, the present Government has also pledged the future borrowings of the Mineral Development Corporation and even gave access to private persons to the state exchequer which is unconstitutional.
The coalition government has been taking loans in the name of corporations and has been diverting the funds for other purposes and lacks accountability. The national media has described Chandrababu Naidu as an aggressive borrower, but still he keeps blaming us on loans taken, telling different people different figures at different avenues.
The coalition has so far taken over Rs 2.66 lakh crores and still the welfare schemes are either limping or did not take off. The Super Six is a flop as none of the schemes are being implemented as promised during elections. Unemployment stipend is not being given, Aadabidda Nidhi and pensions are not implemented in full and farmers are not given what was promised to them.
The State has leaped to the first spot from fourth place in taking loans during the last 18 months, yet the false propaganda goes on. The co-guarantor who pledged to deliver all the promises fell silent and Chandrababu Naidu has been blatantly telling that the YS Jagan Mohan Reddy government has erred in financial management while the reality is otherwise.
Our government has delivered all the schemes on time in concordance with the calendar and we have done away with the belt shops and increased the prices to discourage liquor sale. The coalition, on the other hand, has made liquor freely available round the clock and sales have increased manifold but it is not being reflected in the state revenue, which shows the level of corruption by the coalition cadre.
Despite Covid, we have done better in managing finances and demonstrated better results even when compared to the national average, while the Chandrababu government is always found wanting but is only depending on propaganda rather than hard facts on finance, he said.
*Roja seeks action against BR Naidu*
