Hyderabad: Allegations of discrepancies have emerged over Chief Minister Revanth Reddy’s debt claims after official government data indicated significantly lower repayments than those stated on the Assembly floor.
According to the Telangana government’s Socio-Economic Survey and Finance Department data, the total repayment made towards FRBM-related loans, including principal and interest, stood at around ₹1,67,742 crore. However, Revanth Reddy had claimed in his Motion of Thanks speech that the government repaid ₹3,30,570 crore.
The difference of over ₹1.36 lakh crore has raised concerns about the accuracy of figures presented before the Legislature. Critics argued that numbers placed in the Assembly must strictly align with official financial records, given their constitutional significance.
Finance Department data for the period between December 1, 2023, and December 31, 2025, divided repayments into four categories. The first category covered FRBM loans, with ₹40,660 crore repaid as principal and ₹56,350 crore as interest, totalling ₹97,010 crore.
The second category included government-guaranteed SPV loans serviced by the State, where ₹47,043 crore was repaid as principal and ₹23,689 crore as interest, taking the total to ₹70,732 crore. Together, these two components formed the actual burden borne by the State government.
Revanth Reddy debt claims include SPV repayments
The remaining categories involved loans serviced independently by corporations and special purpose vehicles (SPVs). In the third category, SPVs repaid ₹1,02,744 crore from their own revenues without direct State funding.
Similarly, non-guaranteed loans repaid by corporations accounted for ₹33,717 crore, which were also serviced independently. These repayments were not drawn from the State exchequer.
Analysts noted that including these categories in overall government repayment claims could inflate the figures. Public sector entities such as power utilities and transport corporations typically generate their own revenue and service their debts without State support.
The issue has triggered a debate on fiscal transparency and accountability. Observers said the Chief Minister should clarify the variation between official data and his Assembly statement to maintain public trust.