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In second month of financial year, Telangana faces financial crisis

 

Hyderabad: In the very second month of the current financial year, the TS government is facing a financial crisis.

The state government is not able to pay even pending bills of the previous year. These bills are mounting due to non-payment.

 

According to officials, the present financial liabilities of the state government are about Rs 10,000 crore including pending bills. Of this, about Rs 5,000 crore is related to pending bills of various departments. In the previous year, the state government had diverted about Rs 1,000 crore belonging to Centrally-sponsored schemes. Till today, the state government did not release the amounts to the departments concerned.

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