Buggana rubbishes TDP allegations
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In a powerful rebuttal, Finance Minister Buggana Rajendranath Reddy has made mild of the allegations of Public Accounts Committee (PAC) Chairman Payyavula Keshav that enormous sums in extra of ₹41,000 crore remained unaccounted for, dismissing the allegations as “innocent comments”.
Seeking to show the tables, he blamed the Comprehensive Financial Management System (CFMS) launched in the course of the Telugu Desam Party (TDP) rule within the State for the misconceptions. The Opposition celebration was anticipated to know the details earlier than they degree any allegations, he stated.
Addressing a press convention on Wednesday, the Finance Minister asserted that each rupee spent was accounted for. The Comptroller and Auditor General (CAG) merely requested for a clarification. Basically, it was about reconciliation. The authorities was submitting essential studies. But, the PAC chairman was upsetting pointless doubts over the State’s monetary state of affairs. It was solely to defame the federal government. It was ridiculous that Mr. Keshav was demanding an audit by the CAG primarily based on a letter by the CAG. Wonder, how can the PAC Chairman make such harmless feedback, he felt.
Stating that Mr. Keshav ought to have requested the federal government if he had any doubts, Mr. Rajendranath questioned why the TDP chief most popular to put in writing letters to the Governor or Delhi. “I don’t understand the logic behind it. If he were true, why is Yanamala Ramakrishnudu (former Finance minister) silent in this regard?” he requested.
The Minister stated that one ought to do not forget that the TDP authorities appointed a personal particular person as head of CFMS. Payments had been nerve centre. How may a personal particular person be head of that? Also, as an alternative of creating its personal software program, the earlier authorities spent ₹300 crore on SAP. Efforts had been on to rectify the lapses in CMFS, he stated.
‘Not wrong to borrow’
Mr. Rajendranath asserted that there was nothing fallacious in availing loans. Every State did it. The authorities, with the borrowings, was persevering with the welfare schemes, and clearing the dues in numerous schemes in the course of the TDP rule. Despite this, the debt development since 2019 had come all the way down to 16%. The debt development was 18.36% throughout 2014-19, he identified.
Visibly incensed with the feedback on money owed and borrowings, he aksed how may Andhra Pradesh go for borrowings within the identify of neighbouring States?The Opposition was making hue and cry that ₹17,000 crore mortgage was extra. The fFact stays that ₹16,000 crore mortgage was availed in the course of the TDP rule itself, he stated.
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