The central government has revealed the key details about the debts incurred by the state after the formation of Telangana. The Center has made it clear that Telangana’s total debt is Rs 4,33,816 crore by October 2022. Union Minister of State for Finance Pankaj Chaudhary gave a written reply to a question asked by Congress MP Uttam Kumar Reddy in the Lok Sabha. He said that the loans taken by corporations and public sector organizations from 12 banks are Rs 1.3 lakh crore.
It has been revealed that the debt which was Rs 75,577 crore at the time of the formation of Telangana has reached Rs 4.33 lakh crore by October 2022. It is stated that this amount is the debt incurred by the state government, corporations, and public sector organizations. He said that the debts of the state government are increasing every year.
It is known that the BJP and Congress are criticizing the Telangana government as it is incurring debts as it pleases and is bringing about the bankruptcy of the state’s economy.
The opposition leaders are criticizing the BRS government saying that the state which was formed with a surplus budget has been included in the list of states with the highest debts. It is alleged that even the loans raised are not being utilized in a proper manner and the funds are being misappropriated arbitrarily.