BJP State president D. Purandeswari has reiterated that Andhra Pradesh has fallen into a debt trap, and it is a matter of grave concern.
State Finance Minister Buggana Rajendranath Reddy is trying to play down the issue through the media, Ms. Purandeswari said while addressing the State office-bearers of the party here on August 23 (Wednesday).
Ms. Purandeswari said that Mr. Rajendranath Reddy had only projected the loans mobilised officially, but cleverly did not show the debts raised through mortgage of government properties and assets, and through various corporations. This apart, the government had diverted the funds provided by the Centre to the panchayat raj bodies, she alleged.
