CM Revanth Reddy said we are happy Telangana is an economically growing, rapidly transforming state, which contributed a lot to our Country.
Despite strong advantages, and a good economy, we are facing huge challenges.
We have a heavy burden of debt, which now stands at over Rs. 6.85 lakh crore, as of end of last financial year.
This includes both budgeted and off-budget borrowings.
Large loans borrowed in last 10 years, has now created a situation where a significant part of our revenues is used just to repay debt.
If we don’t manage our loans and interest payment it will slow down our progress. We seek your support in helping us address this problem.
Give us options to either restructure debt or kindly offer us additional assistance.
I also strongly place my demand and I speak for all States on this increase allocation of central funds to states from 41 % to 50 %. I promise you, if you can do this, I will take a huge responsibility of Hon’ble Prime Minister Shri Narendra Modi’s vision to make India a 5 trillion dollar economy.
I will make Telangana 1 trillion economy.
So kindly help Telangana so we can in turn Help India become third largest Economy of the world.
