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TPCC slams TRS govt for borrowing spree

Alleging that the state budget for the year 2017-18 was full of lies, TPCC Chief N Uttam Kumar Reddy said the government borrowed Rs 70,000 crore in the last two-and-a-half years. He ridiculed that the Telangana State has dubious distinction of having highest debt across the country. He expressed concern over the mounting debts saying the trend is dangerous to the State’s economic position.

Speaking at the Assembly media point here on Monday, after presentation of the budget by Finance Minister Etela Rajender, the TPCC president said the total debts, including corporation debts, where the State government acted as guarantee, reached Rs 85,000 crore. He also criticized the State government alleging that it failed to allot budget for the schemes like fees reimbursement, three acre land for daliths and so on. But the government allotted huge funds for the Mission Bhagiratha and Mission Kakatiya schemes where the TRS leaders get commissions.

            Uttam Kumar Reddy expressed doubt that the State government would take 100 years to give three acre land to each Dalit family in case the government allots funds in this manner and alleged that the state government was neglecting the scheme thinking that the TRS leaders won’t get commissions from that scheme. The state government spent half of the funds allocated to social welfare sector and it was showing step-motherly attitude towards agriculture sector. He said the government has no sincerity towards the implementation of assurances given in regard to priority sectors. The State government was moving on the dangerous path by bringing debts indiscriminately, he feared. (NSS