The State is cooking its seeds and it will soon have to go totally hungry. It ought to declare a financial emergency, says TDP politburo member and former speaker Yanamala Ramakrishnudu. Blaming the YSR government for playing “diwali” with State finance, he said the present predicament of the Kiran government is such that while the revenue has been in the realm of Rs.66,000 crore, the burden of debts has shot up to Rs.63,000 crore. Both the debts and tax burden on the common man had increased to Rs.1.16 lakh crore.
The TDP leader urged the Centre to issue the order under Article 360, 360(3) of the Constitution and said the State had already slid enough to undergo wages and means advances for Rs.1,500 crore during 2012-13 as against Rs.1,000 in 2011-12 and Rs.216 crore in 2010-11.
He said the GSDP has come down to three per cent while the unemployment rate had gone up by 9 to 10 per cent. “It is a shame that AP has failed to attract even Rs.6 lakh crore investments (the figure too is cooked up) as against Rs.28 lakh crores of Gujarat, Rs.25 lakh crore of Karnataka, Rs.15 lakh crore of Tamil Nadu.” All these show what the eight years of YSR and Congress regime had done to the State.”
Yanamala says the farming sector of AP, which used to be robust till the new millennium, is in crisis due to the thoughtless policies of the Congress government. The State should immediately go into an austerity measure, he said.