STOCK MARKET BSE NSE

Andhra witnessing worst financial crisis, release white paper: BJP to govt 

On one hand the government is unable to pay salaries and pensions to the employees on time, on the other it is unable to make any further borrowings, he claimed.

Published: 07th April 2021 09:58 AM  |   Last Updated: 07th April 2021 09:58 AM   |  A+A-

Andhra Pradesh BJP chief Somu Veerraju

Andhra Pradesh BJP chief Somu Veerraju (Photo| Facebook)

By Express News Service

VIJAYAWADA: Claiming that the state has never seen a ‘financial crisis’ like the one it is facing now, BJP state chief Somu Veerraju demanded that the YSRC government release a white paper on the finances of the state. On one hand the government is unable to pay salaries and pensions to the employees on time, on the other it is unable to make any further borrowings, he claimed.

In a statement on Tuesday, the BJP leader said: “The state government can claim a dubious distinction of distributing public money in the name of welfare schemes over the last two years without taking up a single development programme. While the government continues borrowings, it remains a secret as to where all the money is going. The fiscal discipline of the government is off the tracks as it is not only spending whatever income it is generating but also is using extra borrowings for welfare. Now, it is not even getting the borrowings.”

He further questioned the government on the funds that the Centre had released under various schemes. “During lockdown last year, the state received financial and medical support. The Centre has also been releasing funds on a large scale for panchayats, rural development and other departments.” 

“Houses being built are majorly financed by the Centre. When the Centre is extending support on this scale, what is the state government doing? Never in the history of the state has there been a financial crisis like the one we are facing now. The government should immediately release a white paper on the state finances,” he demanded.

Party welcomes HC stay on MPTC, ZPTC polls 
The BJP state unit welcomed the High Court decision to stay the notification on MPTC and ZPTC polls. The party leaders described the stay as a “tight slap” to the YSRC government. BJP national secretary and state co-incharge Sunil Deodhar, on Tuesday, tweeted, “This is a tight slap to the Jagan government that is fearing the Vijaya Rath of BJP-Jana Sena, and is abusing all its machinery to stop our growth.” 



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp