Telangana CM Revanth Reddy Highlights Loan Repayment Amid BRS Criticism
Congress repaying ₹95,000 crore in loans of BRS regime: Revanth Reddy
The Hindu
Image: The Hindu
Telangana Chief Minister A. Revanth Reddy stated that his government is repaying ₹95,000 crore in loans from the previous BRS regime while borrowing ₹70,000 crore annually. He challenged BRS MLA T. Harish Rao to address the debts left behind by the BRS and hinted at future political alliances between BJP and BRS.
- 01The Telangana government is repaying ₹95,000 crore in loans from the previous BRS government.
- 02Current borrowings by the government stand at approximately ₹70,000 crore annually.
- 03Revanth Reddy emphasized adherence to the Fiscal Responsibility and Budget Management (FRBM) Act in borrowing.
- 04Reddy challenged Harish Rao to affirm his loyalty to the BRS publicly.
- 05The Chief Minister indicated potential political collaboration between the BJP and BRS in the future.
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In a recent address, Telangana Chief Minister A. Revanth Reddy criticized the Bharat Rashtra Samithi (BRS) for its past financial management, stating that his government is repaying ₹95,000 crore in loans and liabilities inherited from the BRS while borrowing around ₹70,000 crore annually. Reddy urged BRS MLA T. Harish Rao to acknowledge these debts instead of ignoring them. He assured that the Congress government is borrowing within the limits set by the Fiscal Responsibility and Budget Management (FRBM) Act, with a stated borrowing requirement of ₹54,000 crore. Reddy also publicly challenged Rao to declare his loyalty to the BRS, suggesting that political ties between the BJP and BRS may develop in the future. He mentioned that two cases against the BRS have been referred to the Central Bureau of Investigation (CBI) based on preliminary evidence. Reddy expressed his commitment to active politics in Telangana until at least 2034, highlighting a successful partnership with TPCC president Mahesh Kumar Goud, who may have a larger role in national politics if Congress gains power at the Centre.
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The financial management and borrowing practices of the Telangana government directly affect its fiscal health and ability to fund public services.
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