New Delhi, Telangana BJP Vice President NVSS Prabhakar on Monday expressed concern over the financial management of the Congress government in Telangana to Union Finance Minister Nirmala Sitharaman and accused it of unsustainable borrowing.
At a meeting, Prabhakar apprised Sitharaman of the "deteriorating" financial condition of Telangana, claiming that the Reddy-led government had already obtained new loans worth Rs 12,905 crore within six months of assuming power, and the fiscal Was demanding more borrowing beyond responsibility and budget. Management (FRBM) Limits.
According to a statement, the BJP leader alleged that the previous BRS government had taken huge loans in the name of setting up corporations, and the current Congress regime was planning to set up more such institutions to facilitate fresh borrowing from the market.
Prabhakar, former MLA from Uppal constituency, also alleged that the Congress government was burdening the state exchequer with "political appointments" such as advisors and chairmen in various corporations.
He accused the state administration of misusing central funds meant for specific schemes, including those for local bodies.
The BJP leader urged Sitharaman to implement new RBI guidelines to ensure fiscal discipline in Telangana, the statement said.
There was no immediate comment from the state government on Prabhakar's allegations.
At a meeting, Prabhakar apprised Sitharaman of the "deteriorating" financial condition of Telangana, claiming that the Reddy-led government had already obtained new loans worth Rs 12,905 crore within six months of assuming power, and the fiscal Was demanding more borrowing beyond responsibility and budget. Management (FRBM) Limits.
According to a statement, the BJP leader alleged that the previous BRS government had taken huge loans in the name of setting up corporations, and the current Congress regime was planning to set up more such institutions to facilitate fresh borrowing from the market.
Prabhakar, former MLA from Uppal constituency, also alleged that the Congress government was burdening the state exchequer with "political appointments" such as advisors and chairmen in various corporations.
He accused the state administration of misusing central funds meant for specific schemes, including those for local bodies.
The BJP leader urged Sitharaman to implement new RBI guidelines to ensure fiscal discipline in Telangana, the statement said.
There was no immediate comment from the state government on Prabhakar's allegations.
