Andhra Pradesh Chief Minister YS Jagan Mohan Reddy dismissed the allegation of opposition that his government made the state debt-ridden.
Replying to the discussion on the Motion of Thanks on the Governor’s address in the state Assembly, AP CM claimed that his govt implemented welfare schemes and took up development activities with financial discipline despite adverse situations like Covid and inheriting ‘strained’ and ‘complex’ status from the previous Telugu Desam Party rule.
Jagan said the debt of residual AP which stood at Rs 1, 53,000 cr, including all types of loans at the time of AP state bifurcation, had gone up to Rs 4,12,288 cr in the year 2019 when YSR Congress Party (YSRCP) came to the power.
“Now, the total debt stands at Rs 7, 03,000 cr which indicates that the growth rate of debt during the Telugu Desam Party rule stood at 21.87 %, while it stands at 12.13 % during the last 5 years,” Jagan said.
He mentioned that the YSRCP government rolled out DBT welfare schemes worth Rs 2,55,000 cr and non DBT welfare schemes worth Rs 1.07,000 cr. The previous govt too had the same budget but it could not deliver welfare as difference speaks in the commitment of CMs then and now.