TRS is pushing TS into debt trap, says Kishan

The BJP on Friday lashed out at the TRS government alleging it was pushing Telangana State into a debt trap.

BJP leader in the Assembly G. Kishan Reddy said the total debt burden had exceeded the overall Budget of 2018-19, showing that the government lacked financial discipline. As a result over `11,000 crore public money was being wasted annually on loan interest payment alone.

At a press conference, he said, “While the total size of the Budget was `1.74 lakh crore, the total debt shown was `1.8 lakh crore, while it crossed the `2.2-lakh crore mark due to additional loans mobilised by the government through various corporations. With this, the debt burden on each individual in TS has touched `63,000.”

He said Chief Minister K. Chandrasekhar Rao had created a ‘unique record’ of making debt reach `1.5 lakh crore during his four-year rule when “16 CMs put together in undivided AP made a debt for `62,000 crore”.

He was critical of the government neglecting development of Hyderabad by allocating a mere `70 crore and accused the CM of pushing universities into crisis by imposing cuts in allocations.

“The TRS government has manipulated Budget figures to show it as a revenue surplus state like Gujarat while the actual financial condition is pathetic,” he added.