CM’s statement on State’s finances misleading, says Buggana
Former Finance Minister Buggana Rajendranath Reddy criticized the current Andhra Pradesh Chief Minister's White Paper on state finances as misleading and self-promotional. He argued that the report ignores revenue realities and fails to address the status of previous government promises.
Why it matters
This reflects ongoing political friction and debates over fiscal transparency and economic management in Indian state politics.
Senior YSRCP leader and former Finance Minister Buggana Rajendranath Reddy has said that the White Paper on the State’s financial position released by Chief Minister N. Chandrababu Naidu a few days ago is totally misleading.
It seemed to be an attempt at self-promotion and deriding the previous merits, Mr. Rajendranath Reddy said while addressing the media in Hyderabad on Saturday.
He said the document did not even have a mention of the revenues and the claim of high growth rate was not in concurrence with the falling revenues. He said Mr. Naidu’s statement that the deficit was a myth was not only ridiculous but also highly irresponsible. The document was all about boasting of wealth creation.
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