KTR Rejects Telangana Debt Trap Statistics
KTR said the BRS government had prudent financial management, borrowed only when needed to fund major welfare schemes and infrastructure projects, including Mission Bhagiratha, Mission Kakatiya, Palamuru-Rangareddy lift irrigation and Kaleshwaram project.
Hyderabad: BRS working president K.T. Rama Rao dismissed assertions of Chief Minister A. Revanth Reddy and Congress leaders that Telangana was trapped in a debt crisis during BRS rule, calling these allegations false and baseless. He noted that the Centre clarified in Parliament that Telangana’s outstanding debt stands at about Rs.3.5 lakh crore as on March 31, 2024,— far lower than the Congress’s claim of Rs.8 lakh crore.
He said the BRS government had prudent financial management, borrowed only when needed to fund major welfare schemes and infrastructure projects, including Mission Bhagiratha, Mission Kakatiya, Palamuru-Rangareddy lift irrigation and Kaleshwaram project.
According to him, these investments contributed to sustainable development by creating assets valued at Rs.4,15,099.69 crore — exceeding debt by over `64,500 crore. This asset growth consistently outpaced debt from 2018-19 to 2023-24. Rama Rao accused the current Revanth Reddy government of borrowing over Rs.1.5 lakh crore since December 2023 without launching corresponding productive projects or welfare schemes.
He called for transparency and fiscal responsibility, urging the Congress government to reconsider its deficit-driven approach and focus on Telangana’s financial health and public welfare.
He gave details of the Telangana government debt as presented in Parliament: Public market loans: Rs.3,14,545.68 crore; loans from Centre: Rs.18,057.16 crore; loans from public sector undertakings: Rs.13,194.39 crore; Overdraft and other loans: Rs.999.62 crore; Loans through special securities: Rs.4,723.16 crore and the total debt as of March 31, 2024: Rs.3,50,520.39 crore.