Intellectuals have recently expressed their concern that Telugu states are incurring huge debts in the name of welfare, ignoring development. In this context, the Center gave an explanation in the Lok Sabha on Monday about the debts of the two states.
Till March 2022, Telangana Rs 3 lakh 12 thousand crores, while it has been revealed that AP’s debts are Rs 3 lakh 98 thousand crores. In Telangana, in 2014 the total debt of the state was only Rs 64,000 crores and the per capita debt was Rs 18,000, the same has now increased to Rs 1,00,000 per person according to the latest statistics. Finance Minister Nirmala Sitharaman gave the details to Congress MP Uttam Kumar Reddy’s question. In this context, the Center shocked AP. It has clarified that loans taken by special corporations will also be treated as state debts. It explained that taxes, cesses, and mortgage loans also come under this category. Meanwhile, it is known that in this financial year, the Center imposed a similar provision and cut the debts of Telangana.
However, MP Uttam Kumar Reddy, who responded to Telangana’s debts, was furious with KCR’s government. MP Uttam Kumar Reddy alleged that Telangana, which was in debt, has not developed. He said that debt has been mentioned many times in the Telangana Assembly. He criticized CM KCR for taking loans without paying attention to them.
In 2014, Telangana’s debt was Rs. 64,000 crores. Telangana’s debt in 2022 will be Rs has reached 3.12 lakh crores. He said that the debts are on par with the state of Madhya Pradesh. He said that the CAG says that the Telangana government is showing the numbers by manipulating them. He criticized the Telangana government for not being able to pay salaries to the employees. He said that borrowing at will is not good for the country.