SRINIVAS
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𝟮 𝘆𝗲𝗮𝗿 𝗽𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲 𝗶𝗻𝗱𝗶𝗰𝗮𝘁𝗶𝗻𝗴 𝘀𝗲𝘃𝗲𝗿𝗲 𝗳𝗶𝘀𝗰𝗮𝗹 𝘀𝘁𝗿𝗲𝘀𝘀 The provisional accounts for the financial year 2025-26 have been published by the CAG, these accounts bring to light unsettling facts regarding the State. On one hand Mr. Chandrababu Naidu garu claims of a galloping State with a year-on-year GSDP growth rate of 10.75% during FY 2025-26. In a manner that completely contrasts this, the tax revenues of the State Government have contracted by 3.22% during FY 2025-26. In any State that is progressing fast, there would be heightened levels of investment and consumption, reflecting in the form of higher tax collections by the State Government. In reality, the State Government tax revenues have declined by 3.22% against the revised estimates of a 9.60% growth over previous year during 2025-26, as shown in volumes placed for State Budget for FY 2026-27. If the State tax revenues have actually grown by 9.60%, then one would believe the State Government's GSDP growth estimates of 10.75%. However, what was witnessed was a contraction to the tune of 3.22% (-𝟯.𝟮𝟮%), in own tax revenues. The State tax revenues during 2023-24 (last year of the previous Government) were, Rs. 85,922.23 crores. After two years, even if a modest 8% growth was achieved, the tax revenues in the year 2025-26 should have been, Rs. 1,00,219.69 crores. However, what was achieved was only 86,552.68 crores during 2025-26. Therefore, the notional loss under this Government during this year is to the tune of 𝗥𝘀. 𝟭𝟯,𝟲𝟲𝟳 𝗰𝗿𝗼𝗿𝗲𝘀. Mr. @ncbn garu speaks of "Sampada Srushti", is this his Samapada Srushti? lower revenues by Rs. 13,667 crores even when compared with a modest benchmark? As we have always been saying, the Rs. 9,000 crores raised through NCD issuance by APMDC during May 2025, was actually intended to be utilised for meeting Government revenue expenditure. No asset creation took place from this NCD issuance. In an unprecedented manner, private NCD holders were allowed access to the Consolidated Fund of the State in violation of all Constitutional norms. From the accounts, on can ascertain that, this amount is received as Non-tax revenues during 2025-26. Therefore, what was witnessed over the last two years was, unambiguous signs of economic distress resulting from policy paralysis and corruption, tales of rapid growth for the purposes of diversion, and adoption of un-constructional and unhealthy means for raising debt.
REMINDER: THIS GUY STILL HASN'T RESIGNED. In any serious country, failure has consequences. Here, power protects incompetence.
