Key Points
Hyderabad: Nearly two months after coming to power, the Chandrababu Naidu government in Andhra Pradesh has taken the vote-on-account budget route for the states expenditure for the next four months, prompting the opposition YSR Congress Party (YSRCP) to accuse the ruling Telugu Desam Party (TDP) of hoodwinking the public with its tall election promises...
Notably, the TDP-led National Democratic Alliance (NDA) government in the state issued an ordinance on the vote-on-account budget 2024-25 of Rs 1.29 lakh crore, instead of presenting the document in the legislature for approval..
In February, ahead of elections in May, the then YSRCP government under Y.S. Jagan Mohan Reddy had presented the budget estimates (vote-on-account) 2024-25 in the state legislature..
However, the Naidu government, instead of presenting a full budget, went for another vote-on-account budget. Speaking in the House last week, during a discussion on the motion of thanks to the governors address, Naidu had said a full budget would be presented after two months since the government was not in a position to present it due to financial crisis-constraints...
The former minister also said that Naidu feared a full budget as his government would have to substantiate election-time propaganda that the debt under the YSRCP government rose to astronomical levels, to the tune of Rs 14 lakh crore...
