Revanth Reddy said BRS ruined Telangana with its financial mismanagement and corruption!?
According to sources the telangana Legislative assembly witnessed fireworks over a white paper on state finances released by deputy chief minister Mallu bhatti vikramarka on Wednesday. While the congress government maintained that the paper was meant to educate people about the way the previous K Chandrashekar Rao’s government destroyed the state financially, the Opposition, Bharat Rashtra Samithi (BRS), said the paper was full of “white lies” and has mdata-aligned the image of a developed state.Meanwhile there is a gap of almost 20% between the budgeted and the actual money spent on welfare scheme such as Dalit Bandhu and others by the BRS government, the paper pointed out. This figure is not only high when compared to other states, but also in comparison to the expenditure achieved in the united Andhra Pradesh.After the formation of the state, the total debt of the state and the Special Purpose vehicles (SPVs) has gone up to Rs 6,71,757 crore from Rs 72,658 crore in 2014-15. The gigantic increase in the debt (almost 10 times) has created an enormous fiscal stress. No tangible fiscal assets in proportion to the money spent were created in the past 10 years. In addition to this, former minister Harish Rao said debt to GSDP ratio is taken into consideration but instead “the congress government mentioned debt to revenue receipt”. He further said the paper was prepared to manipulate facts and attack rivals. However, chief minister A revanth reddy maintained that the BRS has ruined the state with its financial mismanagement and corruption. He further said the facts were put before the public to make them aware but this would not affect the implementation of six guarantees by the Congress.