Union Finance Minister Accuses Telangana CM of Transforming State from Surplus to Deficit

Union Finance Minister Accuses Telangana CM of Transforming State from Surplus to Deficit

Hyderabad, November 21: Union Finance Minister Nirmala Sitharaman, addressing a “Meet and Greet” event organized for Malkajgiri BJP candidate N Ramchander Rao in Hyderabad, alleged that Telangana, once a revenue surplus state at its formation in 2014, had transitioned into a revenue deficit state, placing the blame squarely on Chief Minister K. Chandrasekhar Rao (KCR).

Sitharaman’s remarks highlighted concerns over the fiscal status of Telangana, asserting that the state’s transformation into a revenue deficit entity was a consequence of policy decisions made by KCR. She emphasized the impact of this transition, suggesting that the burden of debts incurred during this period might extend to the next two to three generations of Telangana’s citizens.

During her address, Sitharaman also addressed Telangana’s stance against bringing liquor, petrol, and diesel under the Goods and Services Tax (GST) purview, indicating that inclusion in the GST might lead to more reasonable rates for these commodities.

Expressing concern over the state’s financial scenario, Sitharaman pointed out the influx of investments into Telangana while lamenting its fiscal trajectory from a surplus status to becoming debt-ridden under the leadership of KCR.

The Finance Minister’s accusations against the Telangana Chief Minister come amidst heightened political discourse ahead of the state’s electoral landscape. Sitharaman’s remarks are anticipated to amplify discussions on the state’s fiscal policies, economic strategies, and the responsibility of governance in shaping Telangana’s financial health.

As the election fervor intensifies, Sitharaman’s assertions regarding Telangana’s fiscal transformation are likely to spark debates and discussions, shaping public discourse on economic management, policies, and the direction of the state’s future financial course.

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