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Eatala rebuts Cong charge of debt-trap
Finance and Planning Minister Eatala Rajender on Tuesday rebutted the Congress leaders’ charge that the State was getting into debt-trap. He urged the Congress leaders to shun their age-old ideas.
Hyderabad: Finance and Planning Minister Eatala Rajender on Tuesday rebutted the Congress leaders’ charge that the State was getting into debt-trap. He urged the Congress leaders to shun their age-old ideas.
Replying to a question raised by the Congress MLA T Jeevan Reddy and others during the Question Hour in the Assembly on Tuesday, Rajender rebutted the charge that the government had pushed the State into debt-trap during last three-and-half years.
He said the State had borrowed money from external sources for the welfare of people. The funds were meant for developing infrastructure like roads, building irrigation projects and the like. Infrastructure needed to be development to attract investment and give a fillip to development.
Terming it was unfair on the part of the main Opposition making baseless charges against the State government, he said it was imperative that the government should also catch up with the changing times. Without sourcing loans, neither the State nor would the country develop. Progress of the State was important to avert droughts and suicides and starvation deaths. The Minister said the State government had been pursuing its agenda in a constructive and planned manner to make Telangana State as the most developed State in the country.
Earlier, raising the issue, Congress MLA T Jeevan Reddy said that State debt had doubled since last three-and-half-years since the TRS came to power. He said that the State government has been borrowing loans beyond the limits of the Fiscal Responsibility and Budget Management Act (FRBM), Act, 2003. He said that the debt burden of Telangana has gone up to 71 per cent as against the national average of 33 per cent.
