State Debts Increased By 4 Lakh Cr, BRS Assets Grown By 66 Percent During 2021-22
Hyderabad, Dec 27 (Maxim News): While the state debts have increased by over Rs. 4 lakh crores in the last 8 years of TRS/BRS rule and even finding difficulty in paying the salaries to the government staff, but the ruling party TRS/BRS assets has shown the growth by over 66 percent during 2021-22.
The annual audited accounts and annual report of contributions submitted by the party to the Election Commission of India (ECI) show that its current assets have gone up to Rs. 480 crores from Rs. 288 crores in 2020-21.
The party’s income during the same period jumped by a whopping 480 percent from Rs. 37.65 crores to Rs. 218.11 crores. During 2021-22, the party led by Telangana Chief Minister K.Chandrasekhar Rao earned Rs. 153 crores through electoral bonds and another Rs. 40 crores through electoral trusts. The party had no income under these two heads during the previous year.
It is surprising that the annual fee/subscription from members came down to Rs. 7.54 crore from Rs. 16.70 crore. There were no donations or contributions from the companies during the year while the party had received Rs. 3.15 crore from companies in 2020-21. The party incurred election expenditure of Rs. 7.68 crores in 2021-22 against Rs. 4.79 crores in 2020-21. The opening balance for the year ending March 31, 2022, was Rs. 307 crore against Rs. 292 crores the previous year.
The statement also shows that the party’s balance with scheduled banks for more than 12 months of maturity period was Rs. 451 crores in 2021-22 against Rs. 256 crores in 2020-21. At its plenary in April, the party president and Chief Minister KCR had said that the party was Rs. 1,000 crore which is sufficient enough for him to jump into National politics. (Maxim News)
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