3 months ago
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Blaming YSR Congress Party (YSRCP) for the fiscal situation that crippled the State, Finance Minister Payyavula Keshav said that the nationalist indebtedness stood astatine astir ₹1.20 lakh crore adjacent aft 20 months of the conjugation government’s formation. The TDP-led authorities inherited a mammoth indebtedness of astir ₹9.74 lakh crore from the YSRCP dispensation successful June 2024.
It had since been a regular conflict for the Finance Department to tally the amusement with meagre revenues connected the 1 manus and a upland of indebtedness connected the other, but the concern improved importantly arsenic the State’s efforts were complemented by the Central support. However, overmuch much remained to beryllium done arsenic the YSRCP government’s policies had a lasting impact, helium observed, portion cautioning the radical against voting for the YSRCP again.
Giving his reply to the wide treatment connected Budget 2026-27 successful the Legislative Assembly connected Thursday, Mr. Keshav said the archetypal fund tabled by him had to cleanable up the messiness created by the YSRCP and the 2nd 1 conscionable astir managed to enactment the system backmost connected the tracks.
The 3rd (the contiguous one) shifted gears towards all-round progress, helium claimed, and insisted that continuity of governance was a indispensable for the State to prosper, for which the radical should erstwhile again ballot for the TDP-Jana Sena Party-BJP alliance. The YSRCP regularisation was characterised by corruption and fiscal profligacy, helium remarked.
Revival efforts
He pointed retired that the authorities revived 85 Centrally Sponsored Schemes which came to a halt owed to the YSRCP government’s actions, by contributing its stock of ₹18,700 crore. The presumption of indebtedness repayment were being renegotiated, and it was expected to output savings to the tune of ₹2,000 crore per year. Focus was laid connected improving the ratio of systems. Equal precedence had been accorded to payment and development. The information that societal information pensions were being fixed to 63 lakh beneficiaries each period spoke volumes of the government’s committedness to welfare, helium asserted.
Further, Mr. Keshav said owed accent had been laid connected generating employment. Salaries and pensions were being paid earlier the archetypal of each month. '’Focus has been laid connected processing Visakhapatnam, Amaravati and Tirupati Economic Regions and the masterplan for the Visakhapatnam Economic Region has been drafted nether the adept guidance of NITI Aayog. The Amaravati Economic Region is being studied,'’ helium said.
Projects
Completing the irrigation projects was rather precocious connected the government’s agenda. The Amaravati and Polavaram projects were taken up with renewed vigour. Industrial projects were taking tangible signifier wherever lands were allotted, dissimilar during the YSRCP authorities erstwhile entrepreneurs fled from the State owed to hostile conditions. Mr. Keshav added.
