Hyderabad: Chief Minister A Revanth Reddy’s government has focused on maintaining financial discipline to address the growing debt burden while continuing to implement welfare schemes and development programs using the available resources.
In its first year, the state government worked on a development-oriented agenda, overcoming financial challenges. Known as “Praja Palana,” the administration made efforts to stabilize the state’s financial situation through disciplined spending. The previous ten years, under the BRS government (2014–2023), left the state with debts amounting to around Rs 7 lakh crore. Interest payments and loan installments became roadblocks to launching new welfare initiatives. To address this, the new government took proactive measures to manage debts and fulfill promises made to the people.
Shortly after taking office, Chief Minister Revanth Reddy presented a white paper in the Assembly detailing the state’s financial condition during the BRS tenure. The government avoided reckless borrowing, unlike its predecessor, and restored financial stability. For instance, government employees, who previously faced uncertainty about their monthly salaries, now receive their pay on the first of each month. The administration also worked systematically to clear pending bills totaling nearly Rs 1 lakh crore, a legacy from the previous government.
The Congress government prioritized repaying the loans inherited from the past administration. Between December 2023 and November 2024, the state borrowed Rs 52,118 crore but repaid a larger sum of Rs 64,516 crore, including principal and interest. Despite these repayments, the government also allocated Rs 61,194 crore to ambitious welfare programs. This dual approach—paying off debts while fulfilling promises—has been a hallmark of the administration.
One major achievement was the successful implementation of the Rs 2 lakh loan waiver scheme for farmers. The Finance Department played a key role in mobilizing funds, waiving off Rs 20,617 crore in loans for 25.36 lakh farmer families, making them debt-free. In just one year, nearly Rs 57,000 crore was spent on farmer welfare and development—a figure unmatched anywhere else in the country. These funds supported initiatives such as loan waivers, crop insurance, farmer insurance, crop loss compensation, free electricity for agriculture, procurement of crops, and bonuses for paddy farmers.
With its focus on financial discipline and welfare, the government is working toward creating a more stable and prosperous future for Telangana.
