Congress govt in Telangana borrows Rs.72,500 crore in 300 days

The Congress-led State government has been on an unprecedented borrowing spree. Since coming to power in December last year, the State government has borrowed an average of Rs.241 crore per day in the last 300-odd days. Currently, the State debt stands at around Rs.72,500 crore since the Congress came to power, while the market borrowings are at around Rs.32,500 crore in the first two quarters of the current fiscal year.

The borrowing began with a Rs.500 crore loan on December 12, 2023, and has continued at an alarming rate,



with loans averaging Rs.5,000 crore per month. As of September 30, Rs.47,618 crore of the debt was directly sourced from the Reserve Bank of India through market borrowings. During the last month alone, the State government secured Rs.2,500 crore on September 3, Rs.1,500 crore on September 10, Rs.500 crore on September 17 and another Rs.1,000 crore in the last week of September.

The State government is likely to raise another Rs.7,400 crore through market borrowings in the third quarter (October to December) of 2024-25.