‘Vision 2047’ Has Become ‘EMI 2047’, Says MLA T. Chandrasekhar

YSR Congress Party MLA T. Chandrasekhar expressed serious concern over the financial condition of Andhra Pradesh, alleging that the government’s much-publicised ‘Vision 2047’ was merely a colourful dream and, in reality, an ‘EMI 2047’ that would burden the people of the state. His remarks and questions over the state’s budget expenditure pattern have now become a topic of political discussion.

Criticising the government’s handling of borrowings, Chandrasekhar stated that while the government had raised nearly Rs. 81,532 crore in loans, assets worth only Rs. 26,864 crore were visible. He alleged that only 33 per cent of the borrowed funds had been utilised for permanent assets, while the remaining 67 per cent remained unaccounted for. He remarked that this was not a sign of development but reflected what he described as a “ dialoguement ” style of governance driven by rhetoric rather than results.

The MLA warned that the state’s economic cycle was no longer functioning effectively and that depending on borrowings for daily requirements was dangerous. He said the government was taking fresh loans every month, paying interest every week, and making new promises every day to keep people convinced. Andhra Pradesh, he said, no longer resembled a “ Sunrise State ” but rather a financially collapsing “ Sunset Economy ”. Alleging that the state was suffering average losses of Rs. 39 crore per day , he accused the government of indulging in “self-goal politics” instead of correcting the situation.

Chandrasekhar further criticised the government for failing to secure benefits for the state despite being an ally in the Union government. He alleged that Rs. 14,376 crore due from the Centre had been stalled and claimed that nobody was questioning it. Calling the administration a “ double breakdown ” government instead of a “double engine” government, he said the promises regarding roads, industries and employment were like “movie trailers”. Referring to the CAG report , he remarked that the state treasury was not in “startup mode” but in “stop-up mode”, indicating a condition of stagnation.

He alleged that while loans used for setting up factories could secure the future, the present government was borrowing mainly for advertisements and interest payments. Chandrasekhar said this amounted to mortgaging the future of the state while merely applying cosmetic fixes to the present. He further stated that the government’s inability to answer questions raised by institutions such as the Comptroller and Auditor General (CAG) , and its anger towards those seeking accountability, reflected fear within the ruling establishment.