Former Minister and BRS MLA T. Harish Rao said the government’s intention in releasing the white paper was to blame the previous government, conveniently hiding the robust economic growth achieved by the BRS government.
Initiating the discussion on the White Paper on Finances tabled by the government, he said it was not good for the State to project a negative image of Telangana by trying to score political points over the debts. The loans raised by the previous government should be seen as capital expenditure and contributed to the creation of assets that would continue to provide revenue for the State.
Mr. Harish Rao argued that it was not in the interests of Telangana to project it as a debt-ridden State and this would instil unknown fears among the investors ultimately hitting the State and its growth prospects. The repercussions would be disastrous in the long term if the government continues to project the finances negatively.
