Rs. 40,000 Crore financial discrepancy in AP government’s finances: Payyavula

Ever since the YSRCP came into power in 2019, in Andhra Pradesh, there hasn’t been a proper financial record of how much the government is spending, for what it is spending, and how much loans the government is taking from various resources.

Public Accounts Committee Chairman Payyavula Keshav has now written a letter to the Governor of AP on this issue, as there is said to be a discrepancy of as much as Rs. 40,000 Crores, in the financial records of the AP government.

The PAC is that organisation that looks over the financial accounts of the government, and Keshav is said to have written a letter to the governor on the matter, with the necessary proofs attached to it, detailing the discrepancies.

Keshav is also said to have requested a special audit on the financial records of the last two years. He is also said to have requested the governor to look over this issue very closely, as he is the Chief Executive Officer of the state.

The AP government has been dodging the submission of financial reports, whenever asked, by stating one reason or the other. In fact,t the government didn’t even send its financial reports for the last four years, when asked for, by the Central government, and instead, just sent a two years’ report, avoiding sending the financial reports of the last two years.

The AP government has also failed to produce the CAG report, which it is supposed to introduce in the Assembly, every year. All in all, no one knows what the Rs. 40,000 Crores financial discrepancy is about, and what the government did with that money.