Telangana in Deep Financial Crisis: CM Revanth Reddy

Telangana chief minister Revanth Reddy has been making it a point to clearly demonstrate the financial and fiscal condition of the state at every given public forum possible. He has done the same now as he educated the public about the prevailing financial condition of the state.

“The kind of bad work that was done during the government was so very preposterous and large scale that no one is in a position or mood to allocate any funds to the state. If we are going to any financial institutions for loans, they are seeing us like villains and keeping us away. They are not even interested to talk to us.” Revanth Reddy said.

Chief minister that the previous KCR government was very responsible with financial decisions, and this is having an effect on the state finances now. He says securing loans for Telangana has become a treacherous task now.

Revanth Reddy further called for better financial decision making and regulations at an internal capacity in order to keep the state finances in check. He had a series of strong points to make about financial management and loan allocations.

The chief minister further pointed out that allocations for welfare programs and government activities is resulting in more financial stress which is in turn having a spillover effect.