Jagan's YSRCP not contesting GHMC polls due to insufficient funds?

Jagans YSRCP not contesting GHMC polls due to insufficient funds?
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The YSR Congress Party has opted out of contesting the ensuing GHMC polls. Many woendered as to why YS Jagan Mohan Reddy decided not to contest the GHMC polls in Hyderabad where a large number of Seemandhra voters reside.

The YSR Congress Party has opted out of contesting the ensuing GHMC polls. Many woendered as to why YS Jagan Mohan Reddy decided not to contest the GHMC polls in Hyderabad where a large number of Seemandhra voters reside.

The TDP and BJP parties are criticizing the YSRCP saying that it has stayed away from fielding its candidates to extend indirect support to the TRS.

But if we closely observe the statements of YSRCP MP and Party’s Telangana chief Ponguleti Srinivas Reddy, money issue seems to be main reason behind it.

He alleged that the ruling TRS, Telugu Desam and BJP combine and Congress, which are in power here and in other states, have taken the the polls as prestigious and ready to spend huge money to win the polls.

Does this mean YSRCP opted out of the race unable to spend money?

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