BRS Pushed Telangana Into Financial Mess: Governor In Assembly

Telangana Governor Dr Tamilisai Soundararajan today came down heavily on the previous BRS government claiming that the loans raised indiscriminately from every corporation had pushed Telangana into a financial mess and crisis.

Addressing the members of both the Telangana Legislative Assembly and Council in a joint session of the Houses, the Governor said that owing to the bad governance of the previous government, the power utilities were in a deep financial crisis with a staggering debt of Rs 81,516 crore, and that they had incurred losses of Rs 56,000 crore in debt and Rs 11,000 crore in losses.

"Each and every department has incurred huge debts. Loans raised indiscriminately from every corporation have pushed the State into a financial mess and crisis. The entire financial discipline in the State has been destroyed. There is no fiscal discipline or financial prudency," she alleged.

The Governor said that the current Congress government was however focused on strengthening the derailed financial situation, and that it would place before the people the financial condition of each and every department by releasing white papers and showing them as the real facts.

"We will be releasing the white papers as part of the transparent government that we promised to the people," she said.

The Governor said the greatest challenge before the State government as on date was to improve the financial situation of the State on a war footing.

"We are on the job to identify the lacunae in financial management, where wasteful expenditure is being indulged in, and where financial irregularities took place," she said.

She however said that the State government would bring in financial prudence and offer good governance to the people without putting any financial burden on the exchequer.

(The Governor's speech in the Assembly is scripted by the government of the day.)