Jagan Flags Rs 13,667 Crore Revenue Gap, Slams Chandrababu
Jagan Tears Into Chandrababu Over AP’s ‘Fake Growth’ Claims
Sampada Srushti or Revenue Collapse? Jagan Targets Chandrababu Over AP Finances
Growth Story Built on Debt’: Jagan Attacks Chandrababu Over AP Fiscal Stress
Policy Paralysis, Corruption Hurting AP: Jagan’s Explosive Charge Against Coalition Govt
Jagan Alleges Constitutional Violations in AP’s Rs 9,000 Crore NCD Borrowing
YS Jagan Questions AP’s 10.75% Growth Claim Amid Falling Tax Revenues
Chandrababu’s AP Growth Narrative ‘Exposed’ by CAG Data, Says Jagan
The political war over Andhra Pradesh’s economy intensified after Former Chief Minister and YSRCP president YS Jagan Mohan Reddy launched a sharp attack on Chief Minister Chandrababu Naidu and the ruling coalition, accusing it of pushing the State into “severe fiscal stress” while masking the crisis with inflated growth claims.
In a strongly-worded post on X, Jagan cited the provisional accounts for FY 2025-26 published by the Comptroller and Auditor General (CAG), claiming they expose a widening gap between the coalition government’s economic narrative and the State’s actual financial condition.
‘Growth Claims Don’t Match Revenue Reality’
Questioning the credibility of the State government’s claim of 10.75% GSDP growth during FY 2025-26, Jagan argued that a genuinely expanding economy would naturally lead to stronger tax collections through higher investment, spending, and business activity.
However, according to him, Andhra Pradesh’s own tax revenues actually contracted by 3.22% during the financial year, directly contradicting the government’s projection of 9.60% revenue growth presented in the FY 2026-27 Budget estimates.
Jagan alleged that the sharp fall in tax collections exposes the “hollowness” of the coalition’s economic claims.
“If the economy was truly galloping as being projected, State revenues should have surged, not declined,” he asserted, accusing the government of presenting “manufactured growth figures” disconnected from ground realities.
Rs 13,667 Crore ‘Revenue Gap’ Raises Questions
The former Chief Minister further claimed that Andhra Pradesh should ideally have generated over Rs 1 lakh crore in tax revenues by FY 2025-26, even under a modest annual growth trajectory.
According to the figures cited by him, State tax revenues stood at Rs 85,922 crore during 2023-24 — the final year of the YSRCP government. Assuming an 8% growth rate over two years, revenues should have touched around Rs 1,00,219 crore by 2025-26.
Instead, the State reportedly collected only Rs 86,552 crore, which Jagan described as a “notional loss” of nearly Rs 13,667 crore under the current administration.
Mocking Chandrababu Naidu’s repeated slogan of “Sampada Srushti” (wealth creation), Jagan asked whether declining revenues and mounting debt represented the coalition’s version of economic development.
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… pic.twitter.com/jyQe6sUJVv
— YS Jagan Mohan Reddy (@ysjagan) May 16, 2026
Allegations Over APMDC Bonds and Debt Handling
Jagan also revived allegations surrounding the Rs 9,000 crore raised through Non-Convertible Debentures (NCDs) by Andhra Pradesh Mineral Development Corporation (APMDC) in May 2025.
According to him, the funds were not used for infrastructure or asset creation as publicly claimed, but were instead diverted towards meeting routine government expenditure.
He further alleged that private NCD holders were granted access to the State’s Consolidated Fund in a manner that violated constitutional norms and financial discipline.
Calling it an “unprecedented” move, Jagan accused the coalition government of adopting “unhealthy and unconstitutional methods” to manage finances amid mounting fiscal pressure.
‘Policy Paralysis and Corruption’
The YSRCP chief alleged that the last two years under the TDP-led coalition have been marked by economic distress, administrative paralysis, and corruption.
He claimed that while the government continues to market a narrative of rapid growth and investment, the State’s fiscal indicators tell a completely different story — one of weakening revenues, rising debt dependence, and lack of productive capital creation.
The remarks are expected to intensify the ongoing political confrontation between the ruling alliance and the opposition over Andhra Pradesh’s economic management, especially as the government aggressively promotes its investment and development agenda ahead of major industrial and infrastructure announcements.
