Jagan, Can You Clear All The Debts With A Smile?

The TDP and YCP have been accusing each other of borrowing heavily for various expenses in the state and increasing the debt burden on the public.

Recently, Chief minister Y.S. Jagan Mohan Reddy said that the YCP government had cleared debts of Rs 1,778 crore made towards the implementation of fee reimbursement scheme by the TDP government, with a smile. At the same time, he also said the YCP government had disbursed nearly Rs 12,401 crore to students, as part of the implementation of Jagananna Vidya Deevena and Jagananna Vasati Deevena in the last 3.5 years.

A month ago, there were reports that the YCP government had borrowed another Rs 1,500 crore and that the total debts of the state would mount to Rs 3.98 lakh crore in 2022.

With the YCP government adopting all means to borrow loans since it came to power, people have lost track of the real figures.
Jagan’s statement led to a discussion if the YCP government would handover a debt-free state to the next government, if it loses the elections.

To clear the debts made by the TDP government, the YCP is going for fresh borrowings. Then why should the CM claim that it had cleared the earlier debts with a smile, asked the TDP leaders.

The next government will clear the debts made by the previous government. Is Jagan going to clear all the debts made by his government with a smile and make AP debt-free, they asked.

At the same time, the CM seems to forgetting that he is not shelling out money from his pocket. He is spending the state’s funds, the Opposition leaders reminded and alleged that he was diverting much of the borrowed funds, to get ready for distribution to the people during the next elections.

After the state bifurcation, AP’s debts stood at Rs 1.35 lakh crore in 2014 and reached Rs 3.27 lakh crore by May 2019, said Finance minister Buggana Rajendranath Reddy. In 2021, it was Rs 3.60 lakh crore and increased to Rs 3.98 lakh crore in 2022, Reddy pointed out.