The Telangana government on Sunday introduced the Comptroller & Auditor General (CAG) report in the Assembly.
According to the report, the State had a debt of Rs 1.42 lakh crore as of March 31, 2018, an increase of 18% over the previous year. The interest being paid on the debt is 12% of the revenue of the State, and the amount of debt being repaid is 8% of the revenue.
Also, the total loans that the State government needs to repay in the next seven years (starting April 1, 2018) is Rs 65,740 crore.
The report also revealed that the income of the State government is less than its expenditure, and that the revenue deficit of the State government is Rs 284.74 crore.
The State government has spent Rs. 79,236 crore on capital projects (infrastructure) during 2014 to 2019. 19 irrigation projects, whose original cost was Rs 41,201 crore, have reportedly seen the costs rise to Rs 1.32 lakh crore due to delay in their completion ranging from three to 11 years.