Buggana alleges misleading Assembly on borrowings

YSRCP leadership and former Finance Minister Buggana Rajendranath on Tuesday said In response to Starred Question No. 973 in Andhra Pradesh Legislative Assembly Session IV, the government misrepresented the facts on borrowings.

The question pertained to details of borrowings during the current financial year 2025-26 till August 3.

In a statement released to media, Buggana stated that the response provided by the government is that, the receipts on account of debt were to the tune of Rs. 44,364.06 crore and the payments on that front were to the tune of Rs.9,058.25 crore, resulting in net borrowing of Rs.35,305.81 crore.

However, he alleged this contradicts the monthly key indicators released by the Comptroller and Auditor General of India.

He said that as per the release by the constitutional body, the revenue receipts of the State Government during this financial year till August 31 was Rs. 61,578.44 crore and the recovery of loans and advances are to the tune of Rs. 31.25 crore. Therefore, the total receipts other than borrowings in this financial year till August were Rs. 61,609.50 crore. The expenditure (along with advances disbursed) during the same period was Rs. 1,16,626.53 crore, he pointed out.

The report very clearly conveys that expenditure to the tune of Rs. 55,901.43 crore was funded by borrowings and other liabilities during this FY 2025-26 till August 31, the former Minister pointed out.