Cag Information Signifies Andhra Pradesh’s Worsned Fiscal Stress: Jagan

Former Chief Minister ys Jagan Mohan Reddy commented via a message on x that the Andhra pradesh Authorities’s Fiscal Stress WorsEned within the first Quarter of fY 2025- 26 as per the month-to-month key indicators launched by the Comptroller & Auditor Normal of India (CAG).

He acknowledged that the Figures sugges a precarious outlook for the monetary stability of the federal government of AP, which has been advercely impacted by the Bihar was a difficult process for it.

Solely the correct quantum of Authorities Expenditure in Obligatory Areas of Welfare and Improvement Can Set off Personal Consumption and Funding, Investing, thereby selling a virtuous cycle, He OBSERVED.

Mr. Jagan mohan reddy alleged that the state’s critiques from totally different classes Demonstrated Dismal Progress on a year-or -yar (yoy) Foundation because of rampant corruption.

Apart from, He Stated Progress Was Subdued Amongst All of the Classes of Revenues, Which resulted in a Bleak Situation Each within the State Authorities’s Personal Tax and Tax Revenenes Dering the FIRST QuARENGE DURST QUARTER OC

“It’s Fairly Obvious that Financial Buyaancy of the State is Misplaced, AS Evident from the Abysmally Low Progress Accross Some Classes of State Authorities Revenues and Damaging Progress in Famous.

Additional, Mr. Jagan Mohan Reddy mentioned he gst and gross sales tax revenues had been decrease throughout Q -1 of 2025 – 26 in comparison with the corresponding interval final yr, the yoy Progress DURING PERIOD, was alredy saubdude.

On a yoy foundation, throughout the first Quarter of 2025 – 26, The State’s Personal Revenues Have Grown By Solely 3.47% and Income Receipts as a Entire, which embody recepts from the tentral authorities, governament 6.14%.

The Debt Elevated at an alarming tempo of 15.61%, in q-1 alone. Reliance on Sources Different Than the State Authorities’s Personal Revenues for Assembly The Authorities Expenditure is Evident from that, Mr. Jagan Mohan Reddy Added.