Hyderabad: Bharat Rashtra Samithi (BRS) MLC Dr Dasoju Sravan Kumar on Monday launched a scathing attack on the Congress-led Telangana government, accusing Chief Minister Revanth Reddy of plunging the state into a financial crisis through unchecked borrowing. He was responding to fresh plans to raise ₹9,000 crore in market loans in the ongoing quarter.
Dr Sravan cited the Reserve Bank of India’s Indicative Calendar of Market Borrowings, which revealed that the Telangana government intends to raise funds by issuing state securities. According to the RBI’s schedule, the state plans to borrow ₹2,000 crore in October, ₹2,000 crore in November, and ₹5,000 crore in December, bringing the total to ₹9,000 crore in just three months.
Taking to the social media platform X, Dr Sravan accused the Congress regime of prioritising cash flows over long-term development. “This government is not building Telangana but selling it off piece by piece,” he wrote. He alleged that Chief Minister Revanth Reddy is more focused on political optics than economic stability.
Dr Sravan said the new borrowing plan follows last month’s ₹6,000 crore loan mobilisation, indicating what he described as a pattern of debt dependence. He further alleged that these borrowings are not being translated into productive capital investments or employment creation, but are instead being used for short-term spending and “fiscal gimmickry”.
Telangana borrowings spark concerns over fiscal mismanagement
Official data shows that Telangana raised ₹15,500 crore through bonds in the previous month alone. As of 31 August 2025, the state’s total borrowings had reached ₹33,415.15 crore—nearly 62% of the ₹54,000 crore borrowing ceiling for the 2025–26 financial year. These figures have raised serious concerns among critics about the state’s financial health and governance.
Despite projecting a revenue surplus of ₹2,738.33 crore in the 2025–26 Budget, the government reported a revenue deficit of ₹11,051.95 crore by the end of July. The fiscal deficit for the full year is targeted at ₹54,009.74 crore, of which over ₹33,000 crore has already been incurred within the first five months.
Dr Sravan warned that such large-scale borrowing without a visible roadmap for capital deployment could push the state into a prolonged financial crisis. “No wealth creation, no development. Only debt, drama, destruction and deception,” he wrote in another post. He criticised the Congress leadership for failing to attract investments or generate employment.
The BRS leader further said that Telangana needs “visionary statesmen, not irresponsible salesmen” who mortgage the state’s economic future for political survival. “People gave the Congress a mandate for progress, but what they’re getting instead is propaganda and panic,” he stated.
In his closing remarks, Dr Sravan accused the Revanth Reddy administration of ignoring key sectors such as industrial growth, infrastructure, and welfare implementation. He said the government is operating on loans rather than leadership, and its actions risk undermining public confidence in fiscal governance.
