Telangana Chief Minister Revanth Reddy has admitted the state is facing a severe cash crunch, citing a lack of funds for capital expenditure and development projects. He attributed the financial crisis to the previous BRS government’s massive debt, claiming the state’s public debt is ₹7.5 lakh crore, significantly higher than the previously estimated ₹3.5 lakh crore. The BJP has criticised the Congress, accusing it of financial profligacy that has led to the current situation in Telangana. This fiscal crisis has sparked a debate on the viability of welfare schemes and freebies promised by political parties, raising questions about fiscal management, transparency in state finances, and the broader implications for India’s fiscal health. Experts are discussing the impact of various spending priorities on state economies.
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