The Andhra Pradesh Government’s decision to sell its assets to fund the crop loan waiver scheme has drawn flak from the opposition parties.
Lok Satta Party on Tuesday criticized the move, saying that the government should make budgetary allocation for fulfilling its loan waiver promises but not resort to sale or mortgage of its assets or pledge its future revenue to raise resources.
Andhra Pradesh Loksatta Party President DVVS Varma faulted Chief Minister N Chandrababu Naidu for planning to sell red sanders and tapping revenue from mining of sand and scarce minerals to implement his election-eve pledge to write off loans.
The government should endeavour to build upon its assets and not fritter them away for programs like loan waivers. It should find budgetary resources by cutting down on non-Plan and wasteful expenditure, arresting leakages in tax collection and applying brakes on populist schemes.
The future of Andhra Pradesh will be in jeopardy if the Government gambles with its assets, warned Varma
