BJP AP President Daggubati Purandheswari made a key comment in the wake of Union Finance Minister Nirmala Sitharaman‘s statement in Parliament on AP debts. She demanded that the AP government should answer from where the income of Rs 15 lakh crores received by the state in four years came from.
BJP State President Daggubati Purandheswari said that Union Minister Nirmala Sitharaman only spoke about the loans given by RBI in the Parliament and if the unauthorized loans are added, the total debt of the state will be Rs 10.77 crores. Purandeshwari demanded the AP government to give an explanation to the people about how the income of Rs 15 lakh crore shown to the Reserve Bank came about.
Purandeswari sought a white paper by AP government on its finances in the light of statement issued by Union finance minister Nirmala Sitharaman.
In response to Raghuramakrishnam Raju’s question in Parliament about the state’s debts, Nirmala Sitharaman said that by 2019, TDP had put a debt burden of Rs.2.64 lakh crore on the state, and this burden would gradually increase to Rs.4.41 lakh by 2023.
In a media conference, she said that Andhra Pradesh has a debt burden of Rs. 10.77 lakh crores, in which the YCP government’s debt incurred in the last four years is Rs. 7 lakh crores.
Nirmala Sitharaman explained that she answered in Parliament only about the loans taken by the state government under the Reserve Bank and she also told about the unauthorized loans. Rs.98,928 crores by pledging corporations, Rs.98,000 crores by mortgaging state properties, Rs.8,900 crores by social security bonds, Rs.10,000 crores by AP Financial Services, Rs.20,384 crores due by power companies, she reminded that there are debts of 35 thousand crores taken from civil supplies and 8,375 crores taken through liquor bonds.