Telangana’s assets being shown as Debts: KTR alleges in his presentation countering White Papers of the government

KTR presents figures on Telangana's debts & achievements, refuting government's claims & urging them to not belittle the state's progress.

Dismissing the white papers presented by the government in the Assembly as utter lies, the BRS working president K.T. Rama Rao tried to set the record straight presenting his set of figures on debts acquired from the Comptroller and Auditor General (CAG) and NITI Aayog reports.

In a presentation titled ‘Sweda Patram’ (Document of Sweat) at the Telangana Bhavan on Sunday, the former IT Minister ridiculed the government’s claim of ₹6,71,757 crore debts and said the actual figure was ₹3,17,015 crore. The government has conveniently suppressed figures or used them to its advantage than presenting the factual report.

Mr. KTR urged the government not to belittle the achievements of Telangana and in the process destroy its image. “You cannot portray Telangana as a failed state when it is on top of all the charts on several parameters in several sectors,” he said.

Contradicting the government’s figures, he said as per the Fiscal Responsibility and Budgement Management (FRBM) Act norms Telangana’s total debt was ₹3,89,673 lakh crore. Of this, ₹72,658 crore was inherited from the combined Andhra Pradesh in population ratio. If you remove this figure the actual loans taken by the BRS government stood at ₹3,17,015 crore only.

Alleging that the Congress government was trying to belittle the achievements of KCR government and his image, he said the government deliberately clubbed government-guaranteed and non-guaranteed loans together, to arrive at exaggerated figures. The government-guaranteed loans raised by Special Purpose Vehicles (SPVs) but serviced by the government were ₹1,27,208 crore.

The loans guaranteed by the government and serviced by SPVs were ₹95,462 crore while the loans that were not guaranteed raised and serviced by SPVs, Corporations and Institutions were ₹59,414 crore. All these are clubbed to arrive at a higher figure of debts by the government, he claimed.

Mr. KTR further said that ₹56,000 crore loan in the Civil Supplies Corporation contains the money obtained for paddy purchase payments to farmers which is repaid immediately after the paddy sale. Moreover, the paddy stock worth ₹30,000 crores was in godowns. So, the loan in civil supplies was just ₹21,029 crore, he said.