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The Hindu

National

Sambasiva Rao M.

Andhra Pradesh debt increased during Naidu’s tenure, not Jagan’s, says Buggana Rajendranath Reddy

Buggana Rajendranath Reddy Rajendranath Reddy Andhra Pradesh Nirmala Sitharaman Deficit TDP

In response to the opposition party’s criticism over the debts of the State government, Buggana Rajendranath Reddy, Finance Minister, has said that the total borrowings of the State government between 2019-23 stood at ₹1.77 lakh crore.

Addressing a press conference at the Secretariat on Thursday, he said that the Union government in Parliament revealed the details of the State government’s debts in response to a question from the TDP leaders.

“The total outstanding liability of the State government stood at ₹2.64 lakh crore in 2019, and it increased to ₹4.42 lakh crore by 2023. That means, in the last four years, the actual debt of the State government is ₹1.77 lakh crore”Buggana Rajendranath ReddyFinance Minister, Andhra Pradesh

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