In a powerful rebuttal, Finance Minister Buggana Rajendranath Reddy has made mild of the allegations of Public Accounts Committee (PAC) chairman Payyavula Keshav that enormous sums in extra of ₹41,000 crore remained unaccounted for dismissing the allegations as “innocent comments”.

Seeking to turn the tables, he blamed the Comprehensive Financial Management System (CFMS) introduced during the Telugu Desam Party (TDP) rule in the State for the misconceptions. The Opposition party was expected to know the facts before they issue any allegations, he said.

He was incensed that TDP is making the allegations based on the audit firm questions. “If there are any doubts, they can be resolved through a meeting,” Rajendranath Reddy said. He said that he did not understand the purpose of writing letters. The minister said it was untrue that the money was paid without bills. Minister Buggana Rajendranath Reddy said that there are complete accounts for Rs 41,000 crore. The opposition should know the facts and speak, Buggana asserted.

Addressing a press convention, the Finance Minister asserted that each rupee spent was accounted for. “The Comptroller and Auditor General [CAG] merely asked for a clarification. Basically, it was about reconciliation. The government was submitting necessary reports. But, the PAC chairman was provoking unnecessary doubts over the State’s financial situation. It was only to defame the government. It was ridiculous that Mr. Keshav was demanding an audit by the CAG based on a letter by the CAG. Wonder, how can the PAC chairman make such innocent comments,” he mentioned.

Mr. Rajendranath asserted that there was nothing unsuitable in availing loans. “Every State does it. The government, with the borrowings, was continuing the welfare schemes, and clearing the dues in various schemes during the TDP rule. Despite this, the debt growth since 2019 has come down to 16%. The debt growth was 18.36% during 2014-19,” he identified.

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