Hyderabad: Bharat Rashtra Samithi MLC Dr. Dasoju Sravan Kumar on Monday accused Chief Minister Revanth Reddy of auctioning the state’s future by pushing Telangana into a severe debt crisis. His criticism followed a Reserve Bank of India announcement that the state government intends to borrow an additional ₹9,000 crore during the October-December quarter. Sravan alleged the Congress regime is selling Telangana off piece by piece instead of building it.
The RBI’s Indicative Calendar of Market Borrowings detailed the state’s plan to raise funds by selling government securities. The schedule shows borrowings of ₹2,000 crore each in October and November, followed by ₹5,000 crore in December. In a post on the social media platform X, Dr. Sravan charged that the chief minister was turning Telangana into a debt-ridden entity. “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,” he stated. “No wealth creation, no development. Only debt, drama, destruction and deception.”
New loans to worsen Telangana government’s debt crisis
Official data shows the government had already raised ₹15,500 crore last month through bonds. The state’s total borrowings reached ₹33,415.15 crore as of August 31, 2025. Consequently, this figure represents nearly 62% of the total borrowing limit of ₹54,000 crore set for the current financial year. The escalating Telangana government’s debt contrasts sharply with budget projections. While the 2025-26 budget projected a revenue surplus of ₹2,738.33 crore, the state instead reported a revenue deficit of ₹11,051.95 crore by the end of July. Furthermore, the fiscal deficit has already crossed ₹33,000 crore in the year’s first five months, against a target of ₹54,009.74 crore.
Dr. Sravan asserted that Telangana requires visionary statesmen, not irresponsible salesmen who mortgage its economic future. He warned that the state is facing a prolonged financial crisis due to aggressive borrowing that is not linked to productive capital investment or job creation. “People gave the Congress a mandate for progress, but what they’re getting instead is propaganda and panic,” he said.
The BRS leader further alleged that the Revanth Reddy administration is relying on fiscal gimmickry while failing to tackle core issues. He argued that the government is running on loans instead of leadership. He accused it of ignoring industrial growth, infrastructure, and welfare implementation, which worsens the overall impact of the Telangana government’s debt.
