Just 31% Of TS’s Revenue Can Be Allocated To Promises: Alleti

Alleti Maheshwar Reddy, BJP MLA for Nirmal, questioned on Wednesday how the Congress government intends to carry out its commitments with only 31% of the remaining revenue after paying salaries and interest, which make up 34% and 35% of the state’s revenue receipts, respectively. He questioned how the government intends to obtain loans in light of the possibility that financial institutions will reject applications following the release of a white paper of this nature. In his speech to the Assembly, he refuted the argument put up by T. Harish Rao, a former minister and MLA, and asserted that the federal government had never compelled any state to install meters on agricultural pump sets.

He posed the question, “How can this government fund existing social welfare schemes along with new ones?” putting the price tag for implementing the Six Guarantees at Rs 70,000 crores. It appears that the Congress made promises in an attempt to deceive them and win power. In addition to a new PRC (pay revision commission) that is awaiting assignment, three DAs are still pending. Although the debt of Rs. 6 lakh crores has been indicated, other outstanding invoices have not been taken into account. The credit rating of Kaleshwaram SPV (special purpose vehicle), which borrowed money at an interest rate of 9.6%, ought to be scrutinized by the government. They ought to outline the revenue that will be produced in order to cover that interest rate. Telangana is the worst state in the nation for both education and health, ranking 29th overall (fourth from the bottom). The current administration shouldn’t believe that by not providing unemployment benefits, the BRS will be able to break its pledges as well. He added that if they don’t keep them, we will hold them responsible. Inquiring about financial clarification, he posed the following question: “The Chief Minister ought to clarify how they plan to raise the money necessary to cover both the Rs 2 lakh waiver they have granted and the outstanding farm loan forgiveness. In addition to paying the higher rythu bandhu of Rs 15,000, the sources of funding should be disclosed, as well as the exact day on which the paddy farmers would receive their Rs 500 incentive. Will there be a property sale by the government? I’m not sure how it expects to absorb resources.