Congress repaying ₹95,000 crore in loans of BRS regime: Revanth Reddy
Chief Minister A. Revanth Reddy highlighted that his government is repaying ₹95,000 crore in loans from the previous BRS regime while borrowing around ₹70,000 crore annually. He challenged BRS MLA T. Harish Rao to acknowledge the debts left by the BRS government and affirmed that his government is adhering to fiscal responsibility limits. Reddy also suggested a potential political alliance between the BJP and BRS in the future and expressed his commitment to Telangana politics until at least 2034.
- ▪The Congress government is repaying ₹95,000 crore in loans from the BRS regime.
- ▪Revanth Reddy stated that his government is borrowing ₹70,000 crore annually within fiscal limits.
- ▪He challenged Harish Rao to publicly affirm his loyalty to the BRS.
Opening excerpt (first ~120 words) tap to expand
Chief Minister A. Revanth Reddy said the government was borrowing around ₹70,000 crore annually, but at the same time repaying nearly ₹95,000 crore in loans and liabilities left behind by the BRS government.The CM advised BRS MLA T. Harish Rao to talk about the debts left behind by the BRS before speaking about the government’s borrowings, rather than conveniently ignoring. He said his government was borrowing funds within the limits prescribed under the Fiscal Responsibility and Budget Management (FRBM) Act while simultaneously repaying debts of BRS regime.Mr.
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