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Key Points

BRS leader KT Rama Rao has slammed the Congress-led Telangana government over the state's worsening economic condition. He cited a CAG report showing a sharp decline in growth and rising debts. Rao accused the government of failing to deliver on its promises while spending heavily without visible outcomes. The former minister demanded answers on how the Congress plans to revive Telangana's economy.

Key Points: KT Rama Rao Slams Congress Over Telangana's Crumbling Economy

  • KT Rao cites CAG report showing sharp decline in Telangana's growth
  • Accuses Congress of failing to deliver on economic promises
  • Highlights ₹10,583 crore revenue deficit in first quarter
  • Questions govt's Rs 20,266 crore spending without new projects
2 min read

Why is economy in a free-fall?: KT Rama Rao slams Telangana govt's 'incompetence'

BRS leader KT Rama Rao cites CAG report, accuses Congress of pushing Telangana into economic freefall with rising debts and revenue deficit.

"Telangana's economy is crumbling under the weight of Congress incompetence – KT Rama Rao"

New Delhi, August 11

BRS working President KT Rama Rao on Monday cited a Comptroller and Auditor General (CAG) report and alleged that Telangana's economy is "crumbling under the weight of Congress incompetence" and asked "why is the economy in a free-fall?"

In a post on X, the BRS leader said, "This is a serious Red Flag! I never thought we would have to witness this - the latest CAG Report screams alarm bells. There is a sharp decline in Telangana's growth. A failed Congress party's governance results in a failed economy. They promised 6 guarantees but delivered only a failed economy".

https://x.com/KTRBRS/status/1954759239538536803

He also alleged that the Telangana government is grappling to raise financial resources as the debts are "zooming up"

"Income is on a downward trend, the debts are zooming up. This isn't rocket science. This is plain math. Telangana's economy is crumbling under the weight of Congress incompetence"

He further alleged that government is staring at revenue deficit running in crores of rupees.

"You projected a ₹ 2,738 crore surplus budget, but today Telangana is looking at ₹ 10,583 crore revenue deficit...just by the end of the first quarter. The non-tax revenues are seeing a sharp decline. Only 3.37 percent of the budgeted ₹ 2,26,720 crore was achieved!"

The government has already borrowed Rs 20,266 crore which is 37.5 % of the annual target, he pointed out.

"Without even laying a road or commissioning a new project, without even providing students with a decent square meal - this government spent Rs 20,266 crore!!!"

The former Minister questioned the government's expenditure.

"Where is the expenditure going? Also, why is the economy in a free-fall? All those who made tall claims of Telangana economy being on auto-pilot, can they explain this phenomenon? Can the financial experts of Congress tell how they plan to bring the state's economy back on track?"

- ANI

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Reader Comments

P
Priya S
As a small business owner in Hyderabad, I can confirm things are getting tougher. Our taxes have increased but infrastructure hasn't improved. KTR is right to raise these concerns.
A
Aditya G
While the numbers look worrying, let's not forget BRS had 9 years to build economic resilience. Both parties need to stop blame games and work together for Telangana's future.
S
Shreya B
The revenue deficit figures are shocking! ₹10,583 crore in just one quarter? How will this impact our schools and hospitals? Government needs to come clean on their recovery plan.
V
Varun X
Interesting how KTR is now talking about fiscal responsibility after his party's massive spending sprees. Pot calling the kettle black? 😏
N
Nisha Z
As an economics student, I'd like to see more detailed analysis. The CAG report should be made more accessible to common people so we can understand the real situation.
K
Karthik V
The IT sector in Hyderabad is still doing well, but if the state's finances keep deteriorating, even that might get affected. Need urgent course correction!

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