Hyderabad: Telangana Congress Legislative Party (CLP) Leader Batti Vikramarka on Thursday (March 18) stated that the state government is taking round Rs 50,000 crores as loans every yr and claimed that Telangana could land into a “debt trap” if this continues.
“In 70 years in the combined Andhra Pradesh, the total loan amount was Rs 70,000 crores. But this Telangana Government, on the other hand, is taking around Rs 50,000 crores as loans every year. The state is already in Rs 3,50,000 crores debt and if this continues, then by 2023-2024 Telangana State would be in debt of Rs 5,50,000 crores,” Vikramarka instructed ANI.
“This is going to add on a severe burden on the people of Telangana. If the state government takes loans over and again, the state will end up landing into a debt trap,” he added.
Slamming the state government over the price range, the Congress leader stated there’s nothing for the widespread folks within the price range.
“There has been no allotment of cash for the ‘KG to PG’ scheme of the state government. Telangana Chief Minister Ok Chandrashekhar Rao, on one hand, stated that the state government does not have any cash as a result of COVID-19 when requested in regards to the unemployment allowance scheme.
But however, his finance minister has offered a state price range of Rs 2,30,825.96 crores,” Vikramarka stated.
