Telangana Congress government has borrowed over 59% of its annual target in under five months. Experts warn this early borrowing surge could limit financial flexibility amid concerns over lack of new projects
After the State formation, this is said to be the longest working day for the State Assembly with the previous one lasting for more than 10 hours during the previous BRS regime.
The budget outlines that Rs.69,572.48 crore will be raised through various forms of debt. This amount equals to half of the State's own tax revenue estimated at Rs.1,38,181.26 crore and highlights the growing dependency on borrowing.
Speaking at a media conference here, Ranga Reddy said SLBC tunnel works had come to a standstill due to non-payment of bills to the contractors by the State government.