Hyderabad: BRS MLC Dasoju Sravan Kumar accused Chief Minister Revanth Reddy of auctioning Telangana’s future. He charged the Congress government with driving the state into heavy debt through large borrowings.
The Reserve Bank of India calendar showed Telangana planned to raise ₹9,000 crore via securities sales in the October-December quarter. The state aimed for ₹2,000 crore in October, another ₹2,000 crore in November, and ₹5,000 crore in December.
Sravan posted on X that the government focused on short-term cash instead of development. He alleged Reddy turned 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. No wealth creation, no development. Only debt, drama, destruction and deception,” Sravan posted.
The state raised ₹15,500 crore through bonds in the previous month. Telangana’s borrowings reached ₹33,415.15 crore by August 31, 2025. This amount hit nearly 62% of the ₹54,000 crore annual limit.
The 2025-26 budget projected a ₹2,738.33 crore revenue surplus. Yet the state reported a ₹11,051.95 crore revenue deficit by July end. The fiscal deficit target stood at ₹54,009.74 crore. Over ₹33,000 crore of that deficit occurred in the first five months.
Sravan said Telangana needed visionary leaders, not salesmen mortgaging the economic future. “People gave the Congress a mandate for progress, but what they’re getting instead is propaganda and panic. This government is running on loans, not leadership,” he said.
BRS slams debt surge in borrowings
The BRS leader warned aggressive borrowings without capital investment or jobs could spark a financial crisis. He alleged the government engaged in fiscal gimmickry. It failed to tackle industrial growth, infrastructure, and welfare.
Critics pointed to fiscal mismanagement. They raised questions on public finance handling. Sravan claimed the regime sold Telangana piece by piece. “Not building Telangana but selling it off piece by piece,” Sravan said. He tied the pattern to prior borrowings. The state hit high debt levels early in the year.
Sravan highlighted the RBI schedule. It detailed quarterly market borrowings. Telangana’s plans added to existing debt. The August figures showed rapid borrowing pace.
The budget surplus projection clashed with actual deficits. Revenue shortfalls grew. Fiscal targets slipped within months. Sravan used these points in his attack. He demanded accountability. Borrowings lacked productive use. No visible development followed. Debt mounted without benefits.
Sravan predicted prolonged issues. Without change, crisis loomed. He urged focus on core problems. Industrial stagnation persisted. Infrastructure lagged. Welfare implementation stalled.
The BRS MLC tied borrowings to political survival. He saw no long-term strategy. Short-term fixes dominated. Debt surged under Congress rule.
Telangana’s borrowing limit neared exhaustion. August data confirmed the trend. Quarterly plans pushed totals higher. Deficits widened despite projections.
