Hyderabad, Sept. 3 -- Telangana Government raised Rs 6,000 crore in debt by selling State government securities in a recent auction.
The amount was raised through four issuances of Rs 1,500 crore each, with tenors ranging from 26 years to 38 years and interest rates between 7.72 per cent and 7.4 per cent, according to an RBI press release.
The fresh borrowings will push total debt in the first five months of the current financial year beyond 50 per cent of the budgeted figure.
Up to July 31, the State government's borrowings stood at Rs 24,669.88 crore against an estimated Rs 54,000 crore.
Though the Telangana government projected a revenue surplus of Rs 2,738.33 crore in its 2025-26 Budget, it recorded a deficit of Rs 12,564.77 crore b...