3 weeks ago
YSRCP Slams Chandrababu Naidu's White Paper on State Finances
This story is about a big argument between two political groups in the Indian state of Andhra Pradesh.
The leader in charge right now, N. Chandrababu Naidu, released a big report about the state's money called a 'white paper.'
Another group called the YSRCP says the report is misleading and has no real substance.
They say the report leaves out important information about how much money the state is actually earning.
The YSRCP says the state's revenue is falling, so the report's claim of high growth does not make sense.
They also say Mr. Naidu has not kept many of the promises he made to farmers, women, youth, and students.
The YSRCP says people were better off when its leader, YS Jagan Mohan Reddy, was in charge, and that crowds still come to his meetings.
It also defends its past work, including creating jobs, building village clinics, and developing schools.
So the two sides disagree strongly about whether the state's money situation is actually good or bad.
YSRCP rejected Chief Minister N. Chandrababu Naidu's white paper on state finances as 'totally misleading' and a document with 'no substance'.
Former Finance Minister Buggana Rajendranath said the document never mentions revenues and that the 11 per cent GSDP growth claim is a bluff amid negative revenue growth.
The party said none of the TDP-led alliance's 'Super Six' promises have been fulfilled except through deflated 'copycat schemes'.
YSRCP noted that MP P. Mithun Reddy was told in Parliament during Question Hour that only two of 10 investment proposals had been cleared.
The party cited 1.35 lakh jobs created under YS Jagan Mohan Reddy's government and alleged Naidu gave away prime Amaravati land at throwaway prices.
- Who
- The YSRCP, with former Finance Minister Buggana Rajendranath Reddy as its lead critic, and Chief Minister N. Chandrababu Naidu of the TDP-led coalition government in Andhra Pradesh.
- What
- The YSRCP rejected the white paper on state finances presented by Chief Minister N. Chandrababu Naidu, calling it misleading, without substance, and aimed at self-promotion.
- Where
- Andhra Pradesh, India; the YSRCP remarks were made in Hyderabad.
- When
- On Saturday; the articles do not state the exact date.
- Why
- Because the YSRCP alleges the white paper omits revenue figures and misrepresents the state's finances while deriding the previous administration's achievements.
YSRCP (Opposition)
TDP-led Coalition Government
State of Finances
YSRCP (Opposition)
The white paper is totally misleading and has no substance; it makes no mention of revenues, and the claimed 11 per cent GSDP growth rate is a bluff because state revenue is falling and the deficit is not a myth.
TDP-led Coalition Government
The white paper reportedly presents state finances as rosy during 2014-19 and healthy over the past two years, low only during 2019-24, and holds that the deficit is nothing but a myth.
Previous Government's Record
YSRCP (Opposition)
The YSRCP government created 1.35 lakh jobs, built village clinics, ports, fishing harbours and schools under Nadu-Nedu, took two years to repair Polavaram and secure funds, and people were better off under YS Jagan Mohan Reddy.
TDP-led Coalition Government
The white paper argues state finances were in ebb only during the 2019-24 YSRCP tenure and have since recovered, implying the previous administration was responsible for the decline.
Welfare Schemes and 'Super Six' Promises
YSRCP (Opposition)
None of the TDP-led alliance's 'Super Six' promises have been fulfilled except through deflated 'copycat schemes,' and benefits such as MSP, Adabidda Nidhi, pensions, free cylinders, Talliki Vandanam, unemployment stipends and fee reimbursements are not reaching people.
TDP-led Coalition Government
The white paper describes the economy as healthy over the past two years, and Chandrababu Naidu is portrayed by his friendly media as the sole person taking the state from the Stone Age to the quantum era.
Key facts
- Chief Minister
- N. Chandrababu Naidu
- Criticising party
- YSRCP (Yuvajana Sramika Rythu Congress Party)
- Key critic
- Former Finance Minister Buggana Rajendranath Reddy
- Claimed GSDP growth rate
- 11 per cent
- Alleged revenue situation
- Negative revenue growth
- Jobs claimed under YS Jagan Mohan Reddy
- 1.35 lakh in village and ward secretariats
- Investment proposals cleared (per Parliament reply)
- 2 of 10
- Remarks made in
- Hyderabad
Quotes
Buggana Rajendranath Reddy
Former finance minister of Andhra Pradesh, now opposition leader
“"He made tall claims about our borrowings, but the figure shown in his own document was scaled down, and if the outstanding loans were deducted, it would further reduce. Time and again, we have to rubbish his false claims and fudged figures."”
deccanchronicle.com
thehansindia.com
“The bulky document presented by Chandrababu – at no place does it mention revenues and the bluff is called when the claim of high growth rate does not concur with the falling state revenue.”
thehansindia.com
Sources
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