6 months ago
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YSR Congress Party (YSRCP) president Y.S. Jagan Mohan Reddy sharply criticised the National Democratic Alliance (NDA) authorities connected Sunday, citing Comptroller and Auditor General (CAG) figures for the archetypal fractional of FY 2025–26 that, helium said, uncover a “highly discouraging and alarming slowdown” successful Andhra Pradesh’s gross growth.
In a station connected X, Mr. Jagan said the numbers “expose the gangly claims made by the TDP and JSP during the elections”, peculiarly their assurances of accelerated gross maturation nether their governance.
According to the CAG data, the State’s ain taxation revenues grew by conscionable 7.03% year-on-year successful the archetypal six months of FY 2025–26. Even much worrying, Mr. Jagan noted, was that GST and Sales Tax revenues—key indicators of consumption—grew by lone 2.85% compared to the aforesaid play past year.
He further pointed retired that implicit a two-year play (2023–24 to 2025–26), the compound yearly maturation complaint (CAGR) of the State’s ain taxation revenues stands astatine lone 2.75%, “painting an adjacent bleaker picture”. Despite this, helium said, Chief Minister N. Chandrababu Naidu was “misleading people” by claiming “stupendous economical growth”, including 12.02% Gross State Domestic Product (GSDP) maturation successful FY 2024–25 and a people of 17.1% successful FY 2025–26—figures helium argued were inconsistent with the muted gross performance.
“Such precocious economical maturation should usually bespeak successful beardown taxation collections, ideally with a gross CAGR of 12–15%, but the existent fig is lone 2.75%,” helium said. “The concern is adjacent worse successful superior expenditure, which has contracted astatine a CAGR of 16% implicit the past 2 years, intelligibly indicating that the authorities is not investing successful semipermanent infrastructure oregon development.”
He added that successful the archetypal 4th of FY 2025–26, the State’s ain revenues grew by conscionable 3.47%, with GST and Sales Tax collections falling beneath the corresponding 4th past year. “Yet Mr. Naidu claims 10.50% GSDP maturation for the aforesaid quarter. This is wholly illogical,” helium said.
Mr. Jagan contrasted this with the erstwhile YSRCP government’s performance, stating that betwixt 2019 and 2024 the State’s ain taxation revenues grew astatine a CAGR of 9.87%, rising from ₹58,031 crore to ₹92,922 crore, portion the GSDP grew astatine a CAGR of 10.23%—a “healthy and accordant pattern”.
“When revenues and economical maturation were aligned nether our government, however tin Mr. Naidu present assertion the State is progressing swiftly contempt negligible gross growth?” helium asked.
He further alleged that “the lone happening galloping nether the existent authorities is debt”, claiming that the authorities has already contracted oregon availed loans totalling ₹2,06,959 crore—62% of what the YSRCP authorities borrowed implicit its full five-year term. “This shows the fiscal recklessness of the contiguous government. They are borrowing astatine breakneck velocity without improving revenues oregon investing successful development,” helium said.
