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BRS attacks govt for increasing debt; Cong says 'borrowing more to repay past debts'
Hindustan Times Bengaluru
|December 18, 2024
HYDERABAD: A ruckus broke out at the Telangana state legislative assembly on Tuesday with the opposition Bharat Rashtra Samithi (BRS) accusing the state government of borrowing more than ₹1 lakh crore in past one year and state finance minister Mallu Bhatti Vikramarka alleging that the state was borrowing more only to repay the past debts.
Raising the issue during the question hour, senior BRS leader and former finance minister T Harish Rao said: "The Congress government had borrowed nearly ₹1.27 lakh crore, including both guaranteed and non-guaranteed loans."
Giving a detailed breakdown, he said: "The government borrowed ₹1.27 lakh crore, including ₹61,991 crore under corporate guarantees and ₹10,099 crore without guarantees as well as a ₹3,000 crore fresh loan obtained as on Tuesday."
"If this trend continues, Telangana's debt will surge to ₹6.36 lakh crore in the five-year term of the Congress government," he warned. He also dismissed Congress's claim that ₹6.71 lakh crore was borrowed during the BRS regime, asserting the total was ₹4.17 lakh crore.
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