Hyderabad: The Bharat Rashtra Samithi (BRS) on Wednesday sharply criticised the Congress-led Telangana government for what it called reckless financial mismanagement. BRS MLC Dr. Dasoju Sravan Kumar accused the government of plunging the state into unsustainable debt without announcing any major infrastructure projects.

In a post on social media, Sravan claimed that the government raised ₹6,000 crore on September 2 through the Reserve Bank of India by auctioning four state government securities worth ₹1,500 crore each. The borrowings carry long tenors between 26 and 38 years and attract steep interest rates ranging from 7.40% to 7.72%.

According to Sravan, the state had already borrowed ₹24,669.88 crore by July 31. With the latest auction, total borrowings have surged to ₹30,669.88 crore representing 57% of the ₹54,000 crore borrowing limit for the current financial year.

“There’s not a single new infrastructure project to show for this massive debt,” Sravan alleged. “This is not Praja Palana. It is a blatant financial betrayal of Telangana’s people.”

The criticism adds to growing concerns over the state’s fiscal health, with opposition parties demanding transparency in public borrowing and fund utilisation.

💥 TELANGANA IS
BEING SOLD OUT! 💥
Revanth Reddy Govt is drowning the state in debt.

On Sept 2, Telangana raised ₹6,000 Cr via 4 State Govt Secuties (₹1,500 Cr each), tenors of 26–38 yrs, with a steep interest of 7.40–7.72% (RBI).

📌 Till July 31: borrowings already… pic.twitter.com/QEGltVPuGE

— Prof Dasoju Sravan Kumar (@sravandasoju) September 3, 2025