The new Government in Telangana has tabled a White Paper in the state Assembly about the financial health of the state due to the alleged mishandling by the KCR Government.
The White Paper revealed how the actual expenditures of the Government is 20% more than the Budgetary Estimates.
The Summary of the White Paper is even more scary. The Government says 34% of the total receipts is going towards paying interests on the loans taken and another 35% towards Salaries and Pensions.
That means 69% of the total receipts towards non-capital expenditure. This condition means the Government has very little to spend on Development, infrastructure, and welfare schemes.
Despite the massive borrowings, there is visible spending in Telangana in infrastructure building. We have seen projects like Kaleshwaram, Roads, Flyovers, Bridges, etc.
Keeping aside Telangana, discussion on Social Media is all about what if a new Government comes in Andhra Pradesh and releases a White Paper on Jagan‘s five years rule.
There are reports that debt of Andhra Pradesh has gone over 10 Lakh Crore and there is zero investment in infrastructure. Jagan Government has gone notoriously innovative to bring new loans.
Roads in Andhra Pradesh speaks about Jagan‘s story.
If at all, the White Paper about KCR‘s rule is only scary but if the same is released about Jagan’s five year rule, it will be a terrifying picture.
