After the allegations of the Kaleshwaram Project scam, former Telangana Chief Minister K. Chandrashekar Rao has landed in another trouble. According to The Comptroller and Auditor General (CAG)’s recent report, KCR mismanaged an amount of more than Rs. 2,88,811 crores.
The report revealed that there has been an excessive expenditure of Rs. 2,88,811 crores from 2014-15 to 2021-22. It was stated that the fiscal mismanagement by the BRS government had been reported in 2015-16 itself.
The report highlighted that the KCR-led administration increasingly resorted to borrowing to cover its expenses, consequently leading to more interest payouts. It was observed that there was a reduction in allocations towards welfare schemes and developmental projects, with a larger portion of funds directed towards repaying the loans.
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