Chandrababu has multiplied the state’s debts by two

• Babu runs the systems in the deficit way
• People being burdened by his luxuries

Hyderabad: Chandrababu, who keeps bragging about his 30-year experience in political field, has converted the state into a tornado of debts. Spending crores and crores of money on luxuries and corrupt schemes, he is giving a serious blow to the state’s financial system. Recently exposed numbers establish this.

The central Government calculated the financial conditions of both the states at the time of bifurcation. AP was given a share of Rs. 97,123 crore in the debts. After Chandrababu had come to power with his 30-year experience package, everybody expected him to bring this number down. But with his intervention, debts have been growing day by day. The Government’s budget books themselves revealed that the debts were Rs. 1,90,513 crore. This demonstrates that the debts have now doubled. Chandrababu has borrowed Rs.93,000 crore in just two years.

In the past too, the financial position of the state had degraded under his rule. In a total deteriorated condition, Dr.YS Rajasekhar Reddy took up charges as the CM and reformed it in just two years. Deficit budget was slowly brought to become surplus budget by 2006-07. The system introduced at that time was implemented for eight years to come. Again, after the arrival of Chandrababu into the scene, the system turned topsy-turvy. Just in two years of time, Rs.24,000 crore defict was shown. This proves the downfall of systems.

Corrupt schemes like Pattiseema and mortgaging capital area to companies of Singapore on one hand and special flights and foreign trips on the other hand are leading to exceeding expenditure. As yellow leaders are showing their pocketing tactics at every step, Government’s outflow is going on increasing. The ultimate result is the people being burdened by these debts.