Hyderabad, April 15 -- Telangana government led by Chief Minister A. Revanth Reddy has successfully reduced the debt burden on the people over the past five months.

Since assuming office in December 2023 until April 13, 2024, the Revanth-led government raised Rs. 17,618 crore through both budgetary and off-budgetary loans while concurrently repaying Rs. 25,911 crore.

However, the government sources clarified that the loans raised by the present administration were not sufficient to cover the principal and interests on the loans raised by the previous government.

They recalled that the BRS government had accumulated Rs. 7 lakh crore in loans, necessitating significant allocations for repayment, which burdened the state exchequer.