HYDERABAD: Telangana's financial difficulties are far from over as the estimated overall revenue shortfall is pegged at Rs 60,000 crore this year alone. Amid concerns over the dip in income generation for the fiscal year 2022-23, chief minister K Chandrasekhar Rao said the state's borrowing limit had been reduced to Rs 23,000 crore by the Centre from the proposed Rs 53,000 crore.
Given that Rs 30,000 crore gap in borrowings will be hard to bridge, the budget estimates will be drastically altered, sources said. The CM's admission on limited borrowings are an enough indication that the Centre's grants are not going to exceed Rs 10,000 crore this year. The consequent loss would be around Rs 30,000 crore, thereby bringing the total revenue shortfall to Rs 60,000 crore, sources said.
