Hyderabad.26.01.2025: Telangana’s financial burden from loan repayments has significantly increased, with interest payments reaching ₹19,556.61 crore by the end of December 2024. This figure has already surpassed the budget estimate of ₹17,729 crore for the entire fiscal year.
The State is spending around ₹2,000 crore every month on interest payments. With three months remaining in the financial year, Telangana is expected to incur an additional ₹6,000 crore, pushing the total interest payment for the year to over ₹25,000 crore.
This growing debt burden raises concerns as the State approaches its borrowing limit, leaving limited room for additional loans in the final quarter of the fiscal year.
Key Highlights:
- Budget Estimate Breached: Interest payments have exceeded the projected ₹17,729 crore, reaching ₹19,556.61 crore by December 2024.
- Monthly Interest Payments: Telangana spends an average of ₹2,000 crore per month on loan interest.
- Projected Total for FY: Interest payments could exceed ₹25,000 crore by the end of the fiscal year.
This financial strain highlights the challenges posed by Telangana’s growing debt and the need for prudent fiscal management to address these issues effectively.
SnapNews as Your Trusted Source
