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States » SouthPosted at: Nov 17 2021 5:03PM


Economic collapse, financial instability crushing AP: Ramakrishnudu alleges

Vijayawada, Nov 17 (UNI) Telugu Desam Party senior leader and former Finance minister Yanamala Ramakrishnudu on Wednesday slammed that the Jagan Mohan Reddy headed Andhra Pradesh Government's 'anti-people policies' had crushed all sources of revenue growth for the State.
Mr. Ramakrishnudu expressed concern that by the end of 2021-`22 financial year, AP debts would rise to touch Rs 5 lakh crore due to financial mismanagement of the Jagan regime. The State would have to pay over Rs 1 lakh crore towards principal and interest on the overall debts. Jagan Reddy was causing irreparable damage to the State economy such that the next Government would not be able to do anything.
Ramakrishnudu said Chief Minister Jagan Reddy was using 'political terrorism' every effectively to stifle the voice of the opposition and general public in every way possible. The House session should be held for at least 15 days but the Government opted for just one-day to suit its ulterior purposes. Apparently, Jagan Reddy was running away from his accountability to the State legislature.
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Tags: #Economic collapse# financial instability crushing AP: Ramakrishnudu alleges
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