Telugu Desam Party (TDP) leader Yanamala Ramakrishnudu on Sunday alleged that the YSRCP government had been resorting to economic violations since it came to power in the State, which was in ‘deep financial crisis’.
In a statement, the former Finance Minister accused the ruling party of ignoring budgetary proposals and defying the Fiscal Responsibility and Business Management (FRBM) norms. “The letter written to the State by Union Finance Secretary T.V. Somanathan reflects this fact,” he said.
Mr. Ramakrishnudu alleged that the YSRCP government had bypassed the Comprehensive Financial Management System (CFMS) and paid the bills through backdoor.
