Hyderabad : Chief Minister K. Chandrasekhar Rao admitted in the Assembly on Friday that the debt burden of each Telanganite is Rs 29,000. ...
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Hyderabad: Chief Minister K. Chandrasekhar Rao admitted in the Assembly on Friday that the debt burden of each Telanganite is Rs 29,000. He responded in above fashion to MIM floor leader Akbaruddin Owaisi question. Owaisi asked the government why facts regarding the state’s finances were kept hidden. White paper on the financial condition of the state was demanded by the MIM floor leader. He said that the information he got from the finance department presented a grave situation. “I came to know that the debt burden of united AP was Rs 1.70 lakh crore, which is to be distributed between AP and TS in the ratio of 52:48.However, nothing was mentioned about this in the budget. The interest burden alone is said to be Rs 10,000 crore on TS. Why is the government hiding this? Why is the government shying away from disclosing the factual position of state finances," Mr Owaisi asked.
