Claims that loans acquired by Telangana during BRS government’s tenure amounted to Rs 3,17,015 crore and not Rs 6,71,757 crore
Hyderabad: The Bharat Rashtra Samithi (BRS) on Sunday came out with a strong counter to the Congress government’s white paper on Telangana’s finances, claiming that the value creation by BRS government during 10-year rule was more than Rs 50 lakh crore while denying that Telangana was turned into debt-ridden state.
BRS working president K T Rama Rao made a presentation and released a fact sheet, disputing the claims made in the white paper presented by the Congress government in the Assembly last week. He put out a strong counter to the Congress government’s narrative that KCR regime has turned Telangana into a debt-ridden state in the last 10 years.
It claimed that loans acquired by Telangana during the previous BRS government’s tenure amounted to Rs 3,17,015 crore and not Rs 6,71,757 crore as claimed by the new government.
As per the Fiscal Responsibility and Budget Management (FRBM) Act norms, Telangana’s total debt is Rs 3,89,673 lakh crore. Of this, Rs 72,658 crore was inherited from the erstwhile Andhra Pradesh in population ratio. Therefore, the actual loans obtained during the BRS tenure stand at Rs 3,17,015 crore.
KTR accused the Congress of attempting to tarnish Telangana’s image by portraying it as a failed state and labeling its government as an unsuccessful experiment. The BRS working president also criticised the state government clubbing both government-guaranteed and non-guaranteed loans together, to exaggerate their claims. He claimed that only loans obtained under FRBM Act are considered as government debts across the country.
He specified that government-guaranteed loans raised by Special Purpose Vehicles (SPVs) but serviced by the government are Rs 1,27,208 crore.
