TDP chief Chandrababu Naidu did everything to drain the exchequer during the last five years and he did it with an intention before the general election.
He withdrew funds from every department just before the elections to fund the schemes like Pasupu Kumkuma for women and Annadata Sukheebhava for farmers.
He also pooled up funds to run the Anna Canteens opened just before the elections to woo the voters.
He borrowed huge amounts from various financial institutions. Hudco is one such institution where Naidu had borrowed Rs 189.38 crore.
He borrowed Rs 134.32 crore in the name of AP Township Infrastructure Development Corporation and Rs 40.34 crore for Nellore Municipal Corporation. Not a single paise was spent for Nellore Municipal Corporation.
With excess external borrowing, Naidu government left no source for the successive government to pay the interest, leave alone repayment or new borrowings.
The Hudco had written a letter to the State government to repay the Rs 189 crore.
Naidu, who claims of 40 years in politics and an able administration did not realise that excess borrowing will leave no scope for the successive government to run the show.
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