Finance Minister Buggana Rajendranath Reddy has blamed the massive borrowings made by the TDP government, the impact of bifurcation, and coronavirus pandemic for the State’s tight financial position.
In a release on Sunday, Mr. Rajendranath Reddy claimed that the capital expenditure increased appreciably in the last three years, and the government could account for every single rupee spent by it, contrary to the TDP’s claim that there had been large-scale diversion and misutilisation of funds.
Mr. Rajendranath Reddy said his predecessor Yanamala Ramakrishudu would speak only about FY 2020-21, when the entire world was shaken by COVID-19, and the bifurcation blues were not gone yet.
