Hyderabad, Feb. 7 -- The YSR Congress Party president and former Andhra Pradesh chief minister YS Jagan Mohan Reddy on Thursday alleged that the Telugu Desam Party (TDP)-led coalition government in the state led by chief minister N Chandrababu Naidu destroyed the financial position of the state in a span of less than nine months and pushed the state into a debt trap.

Addressing a press conference at the party office in Tadepalli in Guntur district, Jagan said the Naidu government created a new record in resorting to indiscriminate borrowings crossing over Rs.1.3 lakh crore in a span of nine months, but had failed to implement any of his pre-election promises.

Reeling out the figures, the former chief minister said in the last nine month...