YSRCP has strongly condemned Chief Minister Chandrababu Naidu’s false claims regarding the state’s financial health. Naidu’s statements, based on selective comparisons, seek to mislead the public and distort the reality of YSRCP’s fiscal management.
Capital Expenditure Misrepresentation
Naidu’s claim that capital expenditure has decreased under YSRCP is false. According to CAG records, YSRCP’s average capital expenditure from 2019-2024 was Rs 15,632.86 crores, surpassing TDP’s Rs 13,860.60 crores from 2014-2019. Naidu’s comparison between only two years ignores the fluctuating nature of capital expenditure.
Social Sector Investment Facts
Contrary to Naidu’s claims, YSRCP has significantly increased investments in social services. The average capital expenditure for social services during YSRCP’s tenure was Rs 5,224.83 crores, more than double the Rs 2,437.43 crores under TDP. These investments have benefited critical sectors like health, education, and urban development.
Debt Sustainability and Fiscal Management
Naidu’s claims about debt sustainability under YSRCP are misleading. TDP left Andhra Pradesh with “zero debt sustainability,” while YSRCP reduced the compounded annual growth rate (CAGR) of liabilities from 22.63% to 13.57%, stabilizing the state’s finances. Furthermore, TDP’s over-borrowing exceeded fiscal limits by Rs 31,082 crores, while YSRCP’s borrowing was within reasonable limits.
Revenue Generation and Economic Growth
Naidu’s claim that YSRCP’s revenue generation has stalled is also inaccurate. Despite challenges like the COVID-19 pandemic, YSRCP maintained a 10% growth in state revenues, while TDP had a 12.9% CAGR. Notably, in Naidu’s current term, tax revenue growth has stagnated at just 0.03%.
Conclusion
YSRCP has consistently managed the state’s finances responsibly, increased investments, and prioritized the welfare of Andhra Pradesh’s people. The facts clearly demonstrate YSRCP’s commitment to the state’s progress, and the people must see through Naidu’s misleading claims.
