𝗖𝗕𝗡'𝘀 𝗧𝗵𝗲 𝟮𝟮𝗻𝗱 𝗥𝗮𝗻𝗸 𝗩𝗶𝘀𝗶𝗼𝗻: 𝗛𝗶𝗴𝗵 𝗼𝗻 𝗛𝘆𝗽𝗲, 𝗟𝗼𝘄 𝗶𝗻 𝗣𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲- 𝗟𝗜𝗘𝗦 𝗮𝗻𝗱 𝗗𝗘𝗖𝗘𝗜𝗧 𝗰𝗼𝗻𝘁𝗶𝗻𝘂𝗲 𝗨𝗻𝗮𝗯𝗮𝘁𝗲𝗱
At a time when State is confronting a worrying economic slowdown, very clearly evident from the Government revenues, Mr. #ncbn ’s Government hoodwinks the people with cooked up GSDP figures to give the wrong impression that State is growing rapidly.
Mr. Chandrababu’s Government on Monday conveyed that during 2024-25, State’s economy grew at 11.75% (Nominal GSDP) as against National growth rate of 9.8% and that during 2025-26, State’s economy is estimated to grow at 10.75% as against National growth rate of 8.0%. This translates to a CAGR of 11.09% over the two year period 2023-24 and 2024-25.
The State Government further claims that in terms of Real GSDP growth, the State ranks 3rd amongst all the States this year. These are not figures released by any independent agency but figures prepared by Mr. Chandrababu’s office.
If these figures were true, the same level of growth with respect to Government revenues should also be achieved. CAG released figures for the first 9 months of this financial year. It is indeed shocking that during the 2 year period, Government tax revenues grew at CAGR of merely 𝟭.𝟵𝟳%.
It would probably puzzle all the economists in the world as to how a State that demonstrates such handsome GSDP growth of 11.09% can achieve an abysmally low tax revenue growth of only 1.97%. This is possible only due to the cooked up figures under this so called ‘visionary’ leadership.
Further CAG uploaded accounts for the first 9 months of this financial year for 23 States. A study of how AP compares with other States on tax reveues growth front brings to light very distressing facts.
Amongst the 23 States, AP RANKS 22nd in terms of TAX REVENUES GROWTH. i.e. 𝟮𝗻𝗱 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝗯𝗼𝘁𝘁𝗼𝗺.
Central Government gross tax revenues in the same period grew at 9.64%, AP tax revenues grew at 1.97%. But according to Mr. Chandrababu, AP’s performance on economic front surpasses that of Central Government.
If there is any parameter on which AP under the Mr. Chandrababu Naidu’s leadership would possibly 𝗿𝗮𝗻𝗸 𝗳𝗶𝗿𝘀𝘁, it would be only with respect to Government 𝗱𝗲𝗯𝘁, 𝗰𝗼𝗿𝗿𝘂𝗽𝘁𝗶𝗼𝗻, 𝗽𝗼𝗹𝗶𝘁𝗶𝗰𝗮𝗹 𝘃𝗲𝗻𝗱𝗲𝘁𝘁𝗮 𝗮𝗻𝗱 𝗳𝗮𝗹𝘀𝗲 𝗽𝗿𝗼𝗽𝗮𝗴𝗮𝗻𝗱𝗮.
https://x.com/i/status/2021141140519649537 #🟢వై.యస్.జగన్ #🔵వైయస్ఆర్సీపీ #🏛️రాజకీయాలు #🆕Current అప్డేట్స్📢 #📰ఈరోజు అప్డేట్స్


