Union Finance Minister Nirmala Sitaraman has said that the Telangana government had pushed the State into such a debt crisis that every newborn child had a debt of ₹1.25 lakh on her/ his head.
The State had crossed the borrowing limits prescribed by the Fiscal Responsibility and Budget Management Act and took loans in excess of budget approvals given by the Assembly, Ms. Sitaraman told a media conference at Kamareddy town in Telangana where she was on a three-day tour from Thursday. Her tour was part of Lok Sabha Pravas Yojana of BJP as in-charge Central Minister for Zaheerabad Parliamentary constituency.
She said the State Assembly was not informed of off-budget borrowings by the government. The budget did not reflect the borrowings. The Centre had a right to question the State governments in such cases but the Telangana evaded reply.
