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AP Fiscal Health: Jagan Reddy Cites CAG Distress Under NDA - News Directory 3

AP Fiscal Health: Jagan Reddy Cites CAG Distress Under NDA

June 7, 2025 Catherine Williams Business
News Context
At a glance
  • Andhra pradesh's fiscal health is ⁣under scrutiny as⁤ YSRCP chief ‍YS Jagan Mohan reddy⁣ highlighted what he‍ calls a concerning decline ⁣in ‍state ‍GST revenue.
  • Reddy stated on 'X' that Andhra Pradesh's state GST revenues experienced a 24.20%‍ contraction in April 2025 compared to April 2024.
  • The former chief minister accused the ruling TDP-led NDA government of attempting to mask the severity of the situation.
Original source: zeebiz.com

Andhra Pradesh’s fiscal health faces scrutiny as YSRCP chief Jagan Mohan Reddy spotlights a significant decline in state GST revenue. Reddy, citing CAG data, reveals a 24.20% ⁤contraction in April 2025 GST receipts compared to the previous year, sparking concerns over Andhra Pradesh’s economic performance. He accuses the ⁣ruling TDP-lead government of attempting to conceal the true fiscal state, pointing to misleading press releases and⁣ a drop in tax and non-tax revenues. This paints a ‍”distress” picture, according to Reddy, ⁤who suggests ⁣economic ⁤sluggishness.the government ⁤hasn’t yet responded, leaving the fiscal performance of the state in question. For in-depth coverage of this and other key ⁤issues, visit News Directory 3. discover what’s next for Andhra Pradesh’s ⁣finances as the situation unfolds.

Key points

  • Reddy cites ⁣CAG data showing a 24.20% contraction in Andhra‍ Pradesh’s state GST revenues for April 2025 ⁢compared to ⁣April ‍2024.
  • He alleges the TDP-led goverment is attempting⁤ to conceal the⁢ true⁢ state of GST revenue with⁣ misleading press releases.
  • Reddy points⁣ to a⁢ drop ‍in tax and non-tax revenues, indicating economic sluggishness ⁢in the state.

andhra Pradesh GST‍ Revenue Declines, Sparking Fiscal‍ Concerns

⁣ Updated June 7, ⁤2025

Andhra pradesh’s fiscal health is ⁣under scrutiny as⁤ YSRCP chief ‍YS Jagan Mohan reddy⁣ highlighted what he‍ calls a concerning decline ⁣in ‍state ‍GST revenue. Citing data from the Comptroller and Auditor General (CAG), Reddy claims ‍the figures ⁣for April 2025 paint ⁤a “distress” picture of the state’s ⁣finances.

Reddy stated on ‘X’ that Andhra Pradesh’s state GST revenues experienced a 24.20%‍ contraction in April 2025 compared to April 2024. This decline in GST revenue raises‍ questions about⁤ the state’s ⁤economic performance and ⁤fiscal ⁣management.

The former chief minister accused the ruling TDP-led NDA government of attempting to mask the severity of the situation. He⁤ noted that while the government announced a “highest” net GST collection of 33.54 ⁣billion rupees for April 2025, the CAG ⁢figures reveal a different reality. Reddy‍ argues that the ⁤government’s⁢ subsequent press ‍releases are a “cover up” after the CAG data exposed the true state of GST revenue.

According to‍ Reddy, the government’s claim that 7.96 billion rupees was deducted as an ⁤adjustment of advance apportionment from IGST (integrated GST) is a‍ regular accounting process. He maintains⁢ that net GST revenues are calculated after all adjustments, a practice consistent with previous years.

Reddy⁤ further stated that the CAG figures indicate a broader “trend of economic sluggishness,” with tax revenues dropping by⁢ 12.21% and non-tax revenues falling ⁢by 22% compared to April 2024. He emphasized that the⁤ state’s own revenues have fallen by 12.76%, presenting a “vrey gloomy picture” of Andhra Pradesh’s financial situation.

The current state government has not yet responded⁤ to these⁢ allegations regarding Andhra Pradesh’s ‍GST revenue and overall fiscal performance.

What’s next

The coming weeks will likely see⁣ further debate and scrutiny of⁣ Andhra Pradesh’s financial data as the YSRCP and TDP-led government present competing narratives.‍ The state’s fiscal performance and GST revenue will remain a key point of contention.

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