Telangana’s finances show strain as tax collections fall short of projections and borrowing rises. CAG data highlights widening deficits, weak non-tax revenue and concerns over fiscal discipline, raising fears of increasing financial stress in the coming years
Telangana’s finances remain under pressure with widening deficits, slow revenue growth and rising borrowings. The State has slipped into a revenue deficit despite projecting a surplus, while collections lag behind targets and liabilities exceed Budget Estimates.
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Except for a few Cabinet Ministers who made an unconvincing effort to defend the Chief Minister’s statements, most Congress leaders are distancing themselves from his remarks
The State government should convince the RBI, which released the report on Thursday, to consider its figures on the outstanding liabilities rather than convincing the members in the House, he said, asking the Minister to quote the latest figures, and not obsolete figures.
