BRS accuses Congress govt. of continuously pushing TG into debt trap

HYDERABAD

The Bharat Rashtra Samithi (BRS) accused the Congress government of ‘auctioning the future of Telangana’ by recklessly pushing the State into mounting debt through large-scale borrowings during its 22-month rule so far.

The party has reacted strongly to the Reserve Bank of India’s (RBI) indicative calendar of market borrowings, which revealed the State government plans to raise ₹9,000 crore by selling securities in the open market during the October–December quarter. According to party MLC Dasoju Sravan Kumar, the State is expected to raise ₹2,000 crore each in October and November and ₹5,000 crore in December.

In a statement, Mr. Sravan said on Monday that the Congress regime was not building Telangana but ‘selling it off piece by piece’. He alleged that the government was focused more on short-term cash flows than long-term development and accused Chief Minister A. Revanth Reddy of turning the State into a ‘debt-ridden entity’.

Instead of attracting investors or creating jobs, the government was busy selling the State’s future — it had borrowed ₹6,000 crore in September and now it has plans to borrow another ₹9,000 crore without any spend for wealth creation or development.

Citing official data, the BRS leader said the State government had already raised ₹15,500 crore in the previous month through bonds. As of August 31 this year, Telangana’s total borrowings for 2025-26 stood at ₹33,415.15 crore, which was nearly 62% of the borrowing limit of ₹54,000 crore projected for the current financial year.