Telangana Chief Minister Revanth Reddy on Monday issued a stark warning about the state’s worsening financial situation, revealing a monthly shortfall of ₹4,000 crore and admitting that no financial institution is willing to lend the government money. In an emotionally charged statement, the Chief Minister said, “No one is lending us money. Not a single paisa is being given. No one believes us anymore.”
Addressing the public, Reddy painted a grim picture of the state’s economy and questioned whether essential welfare schemes should be halted to reduce spending. “Tell me, should we stop welfare schemes? Should we raise petrol prices to ₹200? But that’s not right,” he said, underlining the difficult position his administration is facing.
The comments have triggered sharp political reactions, with the opposition BJP seizing the opportunity to blame the Congress-led government for fiscal mismanagement. The party has demanded a fresh mandate from the public and held Congress leader Rahul Gandhi responsible for what it calls “economic recklessness.” BJP leaders argue that the current financial crisis is a direct consequence of the Congress party’s populist promises and poor financial planning.
The revelations have stirred concern among policy analysts, many of whom believe that Telangana’s current financial crisis is the result of years of accumulated debt and expanding welfare obligations. With limited borrowing options and increasing pressure to maintain social spending, the state government now faces a major test of governance and fiscal prudence.
As political tensions rise and economic challenges deepen, the people of Telangana wait anxiously to see how their elected leaders will respond to one of the most serious financial threats in the state’s recent history.
