BRS leader accuses Congress of auctioning Telangana amid debt crisis
Hyderabad: Bharat Rashtra Samithi MLC Dasoju Sravan Kumar accused Chief Minister Revanth Reddy of auctioning Telangana’s future after the state announced plans to borrow ₹9,000 crore through government securities.
The attack came following the Reserve Bank of India’s market borrowing calendar, which showed Telangana would raise ₹2,000 crore each in October and November, followed by ₹5,000 crore in December. Consequently, the BRS leader claimed the Congress government was selling the state piece by piece rather than building it.
“Instead of attracting investors or creating jobs, this government is busy selling the State’s future – ₹6,000 crore last month, now another ₹9,000 crore. No wealth creation, no development. Only debt, drama, destruction and deception,” Sravan posted on social media platform X.
Official data revealed the state had already raised ₹15,500 crore in bonds during the previous month. Moreover, Telangana’s total borrowings reached ₹33,415.15 crore as of August 31, representing nearly 62% of the ₹54,000 crore borrowing limit for the current financial year.
Telangana debt crisis worsens despite revenue surplus projections
Despite projecting a revenue surplus of ₹2,738.33 crore in the 2025-26 Budget, the state reported a revenue deficit of ₹11,051.95 crore by July’s end. Additionally, the fiscal deficit reached over ₹33,000 crore within five months, against a yearly target of ₹54,009.74 crore.
Sravan argued that Telangana needed visionary statesmen rather than irresponsible salesmen who mortgage the state’s economic future for political survival. Furthermore, he stated that people gave Congress a mandate for progress but received propaganda and panic instead.
The BRS leader warned that aggressive borrowing without productive capital investment or employment generation could trigger a prolonged financial crisis. He also alleged that the Revanth Reddy government engaged in fiscal gimmickry while failing to address industrial growth, infrastructure development, and welfare implementation.
Critics highlighted that these figures painted a worrying picture of fiscal mismanagement. Subsequently, questions arose over the government’s ability to manage public finances responsibly amid the mounting Telangana debt crisis.
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