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

HYDERABAD

The Bharat Rashtra Samithi (BRS) accused the Congress authorities of ‘auctioning the aboriginal of Telangana’ by recklessly pushing the State into mounting indebtedness done large-scale borrowings during its 22-month regularisation truthful far.

The enactment has reacted powerfully to the Reserve Bank of India’s (RBI) indicative calendar of marketplace borrowings, which revealed the State authorities plans to rise ₹9,000 crore by selling securities successful the unfastened marketplace during the October–December quarter. According to enactment MLC Dasoju Sravan Kumar, the State is expected to rise ₹2,000 crore each successful October and November and ₹5,000 crore successful December.

In a statement, Mr. Sravan said connected Monday that the Congress authorities was not gathering Telangana but ‘selling it disconnected portion by piece’. He alleged that the authorities was focused much connected short-term currency flows than semipermanent improvement and accused Chief Minister A. Revanth Reddy of turning the State into a ‘debt-ridden entity’.

Instead of attracting investors oregon creating jobs, the authorities was engaged selling the State’s aboriginal — it had borrowed ₹6,000 crore successful September and present it has plans to get different ₹9,000 crore without immoderate walk for wealthiness instauration oregon development.

Citing authoritative data, the BRS person said the State authorities had already raised ₹15,500 crore successful the erstwhile period done bonds. As of August 31 this year, Telangana’s full borrowings for 2025-26 stood astatine ₹33,415.15 crore, which was astir 62% of the borrowing bounds of ₹54,000 crore projected for the existent fiscal year.