Hyderabad: The Congress today demanded that the Telangana State government present a full-fledged budget for 2019-20 financial year instead of coming up with a Vote On Account budget.
Addressing the media at Gandhi Bhavan, TPCC spokesperson Syed Nizamuddin said that people across the country and in Telangana State were witnessing a strange situation. While the BJP Government at the Centre, which has three months, wants to present a full-fledged budget, the TRS government, which has a mandate for the next five years, wants to come up with a Vote-on-Account budget. He alleged that the Chief Minister was trying to buy some time to cover up his government’s failures on economic front.
“Presently, Telangana was facing financial crisis. There was no money left in the exchequer to be spent on new schemes. The State government was surviving on loans. In 2017-2018, as per CAG reports, the State Govt had borrowed over Rs. 26,738 Crore. This year, as of November 30, it already borrowed Rs. 21,537 crore and on January 25, Telangana Government has offered to sell securities through RBI to raise another Rs. 2,000 crore,” he said.