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Congress flays AP CM for fiscal indiscipline
Castigating the Chief Minister for spending indiscriminately on publicity, Tulasi Reddy said that if things continued in the same vein, the loan burden of the State would touch Rs 1.70 crore by the end of the year. He said the government had failed to extract the promised funds to the State from the Centre as per the Re-Organization Act. He said that the Centre had granted only Rs 3,800 crore towa
​Vijayawada: Andhra Pradesh Congress Committee vice-president Tulasi Reddy flayed the State government for its financial indiscipline and exorbitant expenditure on publicity. Speaking to the media on Saturday, Tulasi Reddy said that Chief Minister Nara Chandrababu Naidu’s spendthrift ways were causing a huge loss to the State exchequer.
Castigating the Chief Minister for spending indiscriminately on publicity, Tulasi Reddy said that if things continued in the same vein, the loan burden of the State would touch Rs 1.70 crore by the end of the year. He said the government had failed to extract the promised funds to the State from the Centre as per the Re-Organization Act. He said that the Centre had granted only Rs 3,800 crore towards revenue deficit as against Rs 14,000 crore.
He expressed concern at the revenue deficit burgeoning to Rs 6,403 crore for the first half of the year as against Rs 4,865 crore in the budget 2016-17. The government had also failed to meet its targets of revenue collections while the expenditure was exceeding the budget proposals, said Tulasi Reddy. Citing examples of wastage of funds, the Congress leader said that Rs 500 crore was spent on the foundation-laying ceremony of the State secretariat at Uddandarayunipalem which, he said, was a pointer to the fiscal indiscipline of the government.
