The opposition YSR Congress camp has already started to breathe fire on the newly formed Telugu Desam+ government in the state.
Incidentally, Vijayasai Reddy has claimed that Andhra Pradesh has seen loans and borrowings amounting to Rs 43,000 crore in the last three months.
In just three months, under the leadership of Sri Chandrababu Naidu (@ncbn), the Andhra Pradesh government has taken on over ₹43,000 crore in debt without implementing any significant either development project or welfare schemes. Due to the heavy borrowing, the state’s financial condition is worsening.
According to the Chief Statistician’s report, the govt. borrowed an average of ₹11,000 cr. per month. It’s time for the AP government to confront this economic mismanagement and focus on restoring financial stability. The question is where is the money going? Despite the borrowing, people are getting no welfare benefits, he tweeted as he pointed out the nature of the CBN government in AP.