2 months ago
2
HYDERABAD
The Bharat Rashtra Samithi (BRS) has alleged that Chief Minister A. Revanth Reddy has been utilizing inflated figures, repeatedly claiming successful the Assembly, property conferences and nationalist platforms that his (Congress) authorities has been repaying indebtedness piled up by the erstwhile BRS government, by raising caller loans.
This was being done to malign the erstwhile government, mislead the Legislature, conceal administrative failures and mislead people, BRS MLC Dasoju Sravan said present connected Sunday. He pointed retired that the government’s ain Socio-Economic Survey Report, presented successful the Assembly, reveals a wholly antithetic picture.
According to the authoritative data, the full repayment made by the contiguous authorities towards FRBM-related loans, including main and interest, is astir ₹1,67,742 crore. In contrast, the Chief Minister successful the Assembly claimed that his authorities had repaid ₹3,30,570 crore successful debts.
The Finance Department’s study analysing Telangana’s indebtedness presumption betwixt December 1, 2023, and December 31, 2025, categorises repayments into FRBM Loans, wherever the authorities repaid ₹40,660 crore arsenic main and ₹56,350 crore arsenic interest, totalling ₹97,010 crore; government-guaranteed SPV loans serviced by itself were ₹70,732 crore, including ₹47,043 crore arsenic main and ₹23,689 crore arsenic interest.
Together, these 2 categories correspond the existent repayments made by the State Government, which magnitude to ₹1,67,742 crore. The full repayment made successful lawsuit of the government-guaranteed loans raised by SPVs and serviced by them amounted to ₹1,02,744 crore. The repayments made successful the 4th category, consisting of non-guaranteed loans repaid by corporations, were ₹33,717 crore. The second 2 categories were serviced wholly by the respective corporations from their earnings, helium claimed.
By including the repayments made independently by corporations and SPVs wrong the government’s repayment claims, the CM had inflated the repayment fig by ₹1,36,461 crore, Mr. Sravan said.
