Telangana's Tax Revenue Shrunk, Says Harish
Harish Rao demanded that the Congress leadership provide a transparent explanation to the people of Telangana for this economic setback
HYDERABAD: Former minister and BRS leader T. Harish Rao pointed to a Rs 91.81-crore fall in the state own tax revenue (SOTR) in revenue in the last financial year, said the decline was unprecedented and blamed it on the government’s mismanagement.
He said the SOTR had fallen from from ₹1,24,146.19 crore in FY 2023-24 to ₹1,24,054.38 crore in FY 2024-25 (up to February). In a statement, Harish Rao said that such a drop in revenue was only comparable to the drop experienced during the Covid-19 pandemic.
The fall was in contrast with the steady 12 per cent compound annual growth rate (CAGR) achieved during the BRS regime, Harish Rao said. The fall in SOTR directly reflected the Congress government’s ineffective governance and poorly designed economic policies, he charged.
Condemning the mismanagement of the state tax revenue, Harish Rao demanded that the Congress leadership provide a transparent explanation to the people of Telangana for this economic setback. “Telangana deserves efficient governance, responsible fiscal policies, and visionary leadership, which the current administration has failed to deliver,” Harish Rao said.
