HARISH SHOWED WRONG DEBT POSITION TO OBTAIN LOANS BEYOND FRBM LIMIT: BHATTI
The New Indian Express Hyderabad|December 20, 2024
DEPUTY Chief Minister Mallu Bhatti Vikramarka accused former finance minister T Harish Rao of showing wrong debt position of the state in Budgets presented by him during the BRS regime with a view to obtain more loans, beyond the permissible limit under the Fiscal Responsibility and Budget Management (FRBM) Act.
EXPRESS NEWS SERVICE @Hyderabad

"How many more loans you needed to quench your thirst, Harish Rao!" Vikramarka asked during a short discussion on "Outstanding Liabilities of the State" in the Assembly on Thursday.

Vikramarka, who also holds the finance portfolio, said that Harish Rao, while presenting the Budget, had shown just 5% risk weight against a loan obtained from the Fisheries Corporation but the state's liability was 100%. "Budget presented by Harish Rao had just ₹38,807 crore loan guarantees, whereas the previous Budget presented by K Chandrasekhar Rao showed ₹1,35,282 crore loan guarantees," he said.

This story is from the December 20, 2024 edition of The New Indian Express Hyderabad.

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This story is from the December 20, 2024 edition of The New Indian Express Hyderabad.

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