- Telangana debts increasing every year
- Lost loans beyond the annual budget
- State duel to Rs 2.86 lakh crore
According to the revised estimates for 2020-21, the debt will be Rs 2.45 lakh crore, which is expected to increase by another Rs 41,000 crore in the next financial year. According to the 2011 census, there is a debt of Rs 81,395 per person in our state. Last year, the per capita debt was Rs 65,480. Recently, another Rs 16,000 has been raised on each.
The Telangana government collects most of its debt from the open market. So far, public market borrowings have reached Rs 2.44 lakh crore (including proposals for next year). The budget estimates that Rs 7,852 crore was mobilized from the central government, Rs 14,860 crore from other autonomous bodies and Rs 19,552 crore in the form of bonds. Over the last six years, the state government has a debt of Rs 1.29 lakh crore for the 2016-17 financial year. By the end of 2021–22, it will reach Rs 2.86 lakh crore. In other words, the increased debt burden on the state in six years is literally Rs 1.57 lakh crore.