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Andhra Pradesh’s TDP-led government faces opposition accusations of fiscal hypocrisy for borrowing ₹2.66 lakh crore while failing to deliver welfare schemes.
The YSR Congress party has accused Andhra Pradesh’s TDP-led government of financial hypocrisy, alleging it took ₹2.66 lakh crore in loans over 18 months—making the state the top borrower in India—while failing to deliver key welfare schemes.
Former finance minister Buggana Rajendranath criticized the government for using Non-Convertible Debentures (NCDs) for funding, a method the TDP once condemned when used by the YSRCP, and accused it of diverting loan funds, pledging future state borrowings, and allowing private access to state finances.
The opposition claims the government’s inconsistent messaging and declining revenue reflect poor fiscal management, despite national media labeling Chief Minister Chandrababu Naidu an aggressive borrower.
El gobierno liderado por el TDP de Andhra Pradesh enfrenta acusaciones de la oposición de hipocresía fiscal por pedir prestado ₹ 2.66 lakh crore mientras no lograba entregar planes de bienestar.