Terming Finance Minister Buggana Rajendranath Reddy’s claims on the State’s financial position as misleading,Assembly Public Accounts Committee (PAC) Chairman Payyavula Keshav on Saturday said he “can prove the government’s fiscal profligacy” and the manner in which it had raised loans more thantwo times the FRBM limit set by the Centre.
Mr. Keshav said it was an open secret that the government had not been able to service the existing debt, and wondered who would give fresh loans in such a precarious situation.
Addressing the media in the virtual mode, Mr. Keshav said that Mr.Rajendranath Reddy should publish a WhitePaperon the government’s finances if the State was not in such dire straits as it appeared to be, and refrain from “self-certification.”
