Andhra Pradesh Finance Minister Buggana Rajendranath Reddy has made two very different statements in front of the media, which is causing a lot of discussions. The minister rarely addresses the media but did so after the recent report released by CAG. The report said that there is a deficit of 300% between the debts that the state has made, and the revenue that the state is getting.
Reacting strongly to this report, Buggana said that the reason why the state had to take so many debts is because of Coronavirus, which ha caused a lot of financial problems for the state. He even went on to accuse the previous government of making too many debts, but the YSRCP government has made more debts in one year when compared to the debts that the previous government made in 5 years.
In the press meet, Buggana said that the state’s revenue has increased, and in the same press meet, he said that the state’s revenue has decreased. Saying two different statements about the same thing is really shocking people, and a lot of discussions have begun on the contrasting statements that Buggana has made.
Experts recently concluded that the state is on the edge of bankruptcy, and criticised the government for using its revenue to generate more revenue, and for not investing the money properly. The state government is now expected to increase the taxes, to generate more revenue, which is troubling the people of the state. The government is reportedly planning to generate additional revenue of Rs. 250 Crores through these increased taxes, which will definitely be a huge problem for the common man.
Political analysts are now saying that Buggana has to prove himself now, by driving the state into a more financially stable position, and by putting into use all of his expertise, and manage the state’s finances in such a way that more revenue is generated, and so that no one has to suffer.