Telangana's Strategic Rs 9000 Crore Fundraising Plan
Telangana aims to raise Rs 9000 crore through state securities in the last quarter of the year. The state plans to gather Rs 2,000 crore each in October and November, and Rs 5,000 crore in December. Despite a fiscal deficit, Telangana raised significant funds via bond auctions.
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Telangana state has announced plans to raise Rs 9000 crore by selling government securities in the open market auction for the October-December quarter. The Reserve Bank of India's calendar highlights that the state intends to mobilize Rs 2,000 crore in both October and November, with an increased fundraising target of Rs 5,000 crore set for December.
As of August 31, the state's total borrowings had reached Rs 33,415.15 crore, which accounts for approximately 62 percent of the estimated Rs 54,000 crore borrowing target. In a notable move the previous month, Telangana successfully raised Rs 15,500 crore through bond auctions in the open market.
Despite presenting a revenue surplus of Rs 2,738.33 crore in the 2025-26 budget, the state's financial health was challenged by a deficit of Rs 11,051.95 crore at the end of July. The fiscal deficit for FY26 is pegged at Rs 54,009.74 crore, with current borrowings standing significantly below this threshold by the end of August.
(With inputs from agencies.)
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