Telangana Chief Minister Revanth Reddy Blames KCR For Inherited Financial Burden As Congress Government Pays 80,000 Crore Debt Repayments Annually And Vows Krishna Waters To Kodangal
Telangana Chief Minister A Revanth Reddy has launched a strong public attack against the previous administration over the financial state of the treasury, stating that the current Congress administration is paying 80,000 crore rupees every year just to service past unpaid debts. Speaking before a large gathering of local villagers, farmers, and supporters in his home assembly constituency of Kodangal, the state leader shared how past financial choices continue to affect state budgets. He explained that a very large share of public revenues, which could otherwise build schools, clinics, and village roads, must be sent away every month to private financiers and public lenders to settle past unpaid bills.
The Chief Minister openly pointed fingers at former leader K Chandrasekhar Rao, popularly known as KCR, who led the regional Bharat Rashtra Samithi administration for close to a decade. According to the state government accounts shared during the meeting, the previous regime pushed the total liability of Telangana to a massive 8.11 lakh crore rupees through high cost borrowing schemes. He said that when Telangana was created, the financial health of the state was strong, but years of reckless borrowing without proper income generation left a crushing load on the backs of ordinary taxpayers.
Addressing the crowd in Lagacharla village, the Chief Minister explained that his cabinet has to manage day to day government spending with great caution because debt payments take first priority. Despite these severe fiscal troubles, he declared that his government will not stop ongoing welfare programs or cancel promised public commitments. He stressed that poor families, small farmers, and working women depend heavily on welfare support, and the leadership will manage resources responsibly rather than making excuses about empty coffers.
The public gathering also saw major announcements regarding long pending irrigation works that affect thousands of farming families across the dry rural belt. Revanth Reddy assured local cultivators that the government is working on war footing to bring Krishna river water directly into Kodangal to water dry agricultural lands. For many decades, farmers across this part of the district have suffered repeated crop failures due to dry ground, deep borewells drying up, and unpredictable rainfall.
The leader announced a firm deadline, stating that Krishna waters will reach the parched farmlands of Kodangal by December. He explained that field teams and water department engineers have been instructed to speed up pump stations, pipeline networks, and canal channels without administrative delay. Bringing canal water to this dry belt will provide direct relief to local cultivators, allowing them to plant two cycles of crops every year instead of leaving their fields fallow.
In addition to water distribution, the Chief Minister laid the foundation stones and announced public development projects worth over 9,000 crore rupees for the region. He shared plans to convert Kodangal into a major educational and employment hub, ensuring that village boys and girls do not have to move to big cities like Hyderabad just to learn basic skills or secure decent jobs. These works include building higher education colleges, modern skill training academies, and road networks that connect isolated hamlets directly to market centers.
The speech sparked an intense political reaction across the state, with leaders from the Bharat Rashtra Samithi challenging the figures presented by the treasury bench. Opposition spokespersons argued that loans taken during their time in power were used directly to create income generating assets, including massive lift irrigation projects, round the clock power grids, and world class city roads. They claimed that debt accumulation is natural for any fast developing state and blamed the Congress party for failing to manage government balances properly.
State finance officials, however, point out that a large part of the past borrowings was taken through public corporations rather than normal state budgets, meaning loan guarantees were tied to high interest conditions. Because these projects took longer to complete, loan repayment deadlines arrived before the assets started producing steady returns. As a result, the current government has to divert huge amounts of regular tax collections simply to prevent state accounts from falling into default.
Listening to the address, local farming families expressed cautious optimism about the promised water canals. For several years, local farmers watched large rivers flow across neighboring districts while their own crops withered under intense sun. If the administration succeeds in delivering Krishna water by December as pledged, it will bring historic transformation to village life, raising ground moisture, boosting village economies, and stopping rural youth from migrating out for hard labor.
The Chief Minister closed his public address by appealing directly to the people of Telangana for patience and cooperation as his team works through the inherited economic mess. He reiterated that transparency about state money is essential for true democracy. For the working citizens who gathered at the meeting ground, the promise of water and financial discipline represents a new chapter of hope after years of mounting debt and rural hardship.