Chandrababu pushed AP into severe debt, says Finance Minister Buggana
Finance Minister Buggana Rajendranath Reddy admitted on Friday that the YSRCP government has borrowed more than permissible limits as the Centre gave relaxation due to lock down imposed to prevent the spread of the coronavirus.
Speaking to the media, he mentioned that the AP government gave priority to welfare over development and pumped money to revive economy in the state. “Revenue receipts have increased for the financial year 2020-21 compared to 2019-20,” he stated. The minister blamed the Chandrababu government for pushing AP into severe debt despite revenue deficit after state bifurcation.