Claims by Congress that BRS pushed State into debts proved wrong by Parliament: KTR

BRS working president K.T. Rama Rao said the Congress’s claims that the BRS has pushed Telangana into a debt of ₹8 lakh crore is utterly false and misleading, and it was revealed in the Parliament by the Central government.

Mr. Rama Rao in a statement, said the Central government itself admitted that the State’s debt under the BRS government was not ₹8 lakh crore but only ₹3.5 lakh crore.

“The allegations made by Revanth Reddy and others regarding the BRS government’s debt were proven to be blatant lies in Parliament today. Where would Revanth Reddy and other Congress leaders now hide their faces,” he asked.

Mr. Rama Rao clarified that when the BRS government left office on March 31, 2024, the State’s debt was only ₹3,50,520.39 crore. He said the BRS government never took on unnecessary debt. Instead, the loans were used not just for welfare schemes but also for creating long-term assets for future generations.

“These funds were spent on projects like Mission Bhagiratha, Mission Kakatiya, the Palamuru-Rangareddy Lift Irrigation Scheme, the Kaleshwaram Project and other infrastructure developments. Mr. Rama Rao asserted that the State’s rapid progress was a result of the BRS government’s financial discipline and efficiency under K. Chandrashekar Rao’s leadership,” he claimed.

For the fiscal year 2023-24, while Telangana’s debt was ₹3,50,520.39 crore, the value of State government assets stood at ₹4,15,099.69 crore. This means the value of assets was ₹64,579 crore more than the debt. Mr. Rama Rao pointed out that for the last six fiscal years (2018-19 to 2023-24), the value of Telangana’s assets has increased by over ₹50,000 crore annually, which he cited as evidence of the BRS government’s efficiency.

Mr. Rama Rao demanded that the Revanth Reddy’s government explain why it has taken on so much debt without building a single new project or implementing any of the promised welfare schemes.