Naidu Spreading Lies On State Finances, Says YCP

Amaravati: YSRCP on Wednesday came down heavily on Chief Minister N Chandrababu Naidu for, what it termed, 'misleading' the public on the State finances during the previous regime.

Responding to the comments made by Naidu based on a report on State finances released by the NITI Aayog, YSRCP the Chief Minister's presentation, riddled with selective comparisons and misinformation, deliberately seeks to mislead the public. By isolating data from a single financial year and ignoring broader fiscal realities, Naidu is attempting to create a distorted narrative that fails to acknowledge YSRCP's sustained efforts in maintaining fiscal prudence, increasing capital investments, and stabilising state revenues despite unprecedented challenges, a statement issued by the YSRCP said.

"Naidu's claim that capital expenditure under YSRCP has declined is both baseless and deceptive. As per the Comptroller and Auditor General (CAG) records, the average capital expenditure during the YSRCP's five-year tenure (2019-24) stood at Rs 15,632.86 crore, surpassing the Rs13,860.60 crore recorded during the TDP regime (2014-19). Naidu’s comparison of only 2018-19 (TDP) with 2022-23 (YSRCP) conveniently ignores the fact that capital expenditure fluctuates yearly based on multiple factors, including external economic conditions," the statement pointed out.