Former AP CM, present Pulivendula MLA YS Jagan Mohan Reddy has expressed deep concern over the state’s financial condition under the leadership of Chandrababu Naidu. Jagan criticized the government, saying that while the Chief Minister promised wealth creation, the reality is that not even a single rupee has been generated. Instead, he claimed, the state’s debts are rapidly increasing, pushing Andhra Pradesh further into a financial crisis.
Citing the latest CAG report, Jagan said these findings clearly point out the serious economic distress the state is currently facing in the 2025–26 financial year. He clarified that the figures mentioned in the CAG report were not made up by him or his party, but came from an official auditing body under the Central Government, which is currently being supported by Chandrababu.
According to Jagan, the state is seeing a steep decline in revenue. He pointed out that the GST collections have dropped significantly in the first three months of the financial year. Other tax revenues, including sales tax, have also decreased when compared to the YSRCP government’s term. He mentioned that the government is showing inflated numbers by including central funds as its own revenue.
Jagan also raised alarms over the fast-rising debt levels. He revealed that within just the first three months of this financial year, the state’s debt has increased by 15 percent. He questioned how this could be justified when his own five-year government had taken much lower loans during the same period. He also alleged that corruption has grown unchecked under the current regime, accusing MLAs and ministers of being deeply involved in unethical practices.
“There is no proper income, debts are piling up fast, and corruption is spreading everywhere. Is this what they call wealth creation?” Jagan questioned sharply, taking a direct jab at the current administration.
Meanwhile, the TDP responded strongly to Jagan’s criticism. TDP leaders said that increasing investments is the key to building revenue and prosperity in the state, something they claimed Jagan had blocked during his tenure. They argued that the current government has only completed one year in power and that their main focus so far has been on fixing the damage done by the previous YSRCP government.
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