Jagan Mohan Reddy’s secularism and total incompetence prices Andhra Pradesh a whopping 3.73 lakh crore rupees

Jagan Mohan Reddy, the CM of Andhra Pradesh, is main the state to a path of chapter along with his idiotic selections and unrestrained expenditure to distribute freebies. As per a report by Comptroller and Auditor General of India (CAG), by November 2020, the full debt of the state has reached 3.73 lakh crore rupees, above 30 per cent of state’s GDP. It has been nearly one and a half years because the Jagan authorities got here to energy, however it has already destroyed the political financial system of Andhra Pradesh along with his silly selections and freebies. As per the CAG report, the Andhra authorities already borrowed greater than 73 thousand crore rupees by November in opposition to the annual goal of 48 1000’s crore rupees. The borrowing within the first eight months of the continuing fiscal 12 months is 50 per cent greater than the annual goal. By the tip of the fiscal 12 months, the Andhra authorities’s borrowing is predicted to surpass the double of what was focused within the funds. The income deficit was estimated at round 18,000 crore rupees however it has already crossed 54,000 crore rupees- nearly thrice greater than estimated- in November itself. The Jagan authorities has borrowed greater than 9,000 crore rupees each month within the ongoing fiscal 12 months. “The way things are going reminds me of a Telugu movie we were shown during training in the Lal Bahadur Shastri National Academy of Administration. It’s something like Appu Chesi.. which means living off debts,” mentioned a senior IAS officer of Andhra Pradesh. Due to unrestrained borrowing by the Jagan authorities, the longer term generations of the Andhra Pradesh should pay giant taxes as a result of the every year curiosity on the present borrowings could be round 35,000 crore rupees from the subsequent fiscal 12 months. “Given our own resources, the Central grants and outgoing towards salaries, pensions and the various doles, we will be required to raise more loans even for debt servicing. That’s what you call the classic debt trap,” a prime bureaucrat lamented.As per stories, the full debt of Andhra Pradesh was solely round 97,000 crore rupees when the state was bifurcated in June 2014. However, it has shot to three.73 lakh crore rupees in simply six and a half years. Under Chandrababu Naidu authorities, the debt reached 2.25 lakh crore rupees, which suggests it elevated by round 1.3 lakh crore rupees in 5 years.  But, the Jagan authorities borrowed 1.5 lakh crore rupees in solely the final 19 months. However, the Jagan authorities just isn’t stopping right here; it’s ready for an additional tranche of 9,000 crore rupees to distribute cash beneath the Amma Vodi Scheme. Under this freebie scheme, 43 lakh moms could be paid 15,000 rupees every to ship their children to highschool. Moreover, the federal government is on freebie distribution spree, particularly to Christian communities. Last 12 months, on July 12, the newly elected Andhra Pradesh authorities led by Jagan Mohan Reddy introduced its annual funds. In the funds introduced by Buggana Rajendranath, Minister for Finance within the Andhra authorities introduced honorarium for Imams to be enhanced to ₹10,000 per 30 days and for Mouzzans to ₹5,000 per 30 days. Similarly, it additionally proposed to supply Pastors with an honorarium of ₹5,000 per 30 days. Later Minorities Welfare Department Principal Secretary Mohd Ilyas Rizvi within the Jagan authorities introduced enhanced monetary help to Christians for endeavor the pilgrimage to Jerusalem and different Biblical locations and it mentioned that pilgrims with an annual revenue of as much as ₹3 lakh could be given ₹60,000 for a pilgrimage to Jerusalem, Bethlehem, Nazareth, Jordan River, Dead Sea and Sea of Galilee and people with an revenue of over ₹3 lakh would get ₹30,000, up from ₹20,000.On prime of that, Jagan additionally brought-in many silly selections like having 5 Deputy CMs, 3 state capitals and so forth, which the Andhra authorities is incurring 1000’s of crore rupees of additional price. By an unrestrained rising curiosity on price and debt, the Jagan authorities just isn’t solely imposing an enormous debt on the approaching generations however can be pushing the state in the direction of chapter.