Telangana’s public debt up 403% in a decade, shows Lok Sabha data
Assets also grew fourfold, remain above debts
HYDERABAD: Telangana’s public debt has increased more than fourfold in the past decade, rising from ₹69,603 crore in 2014–15 to ₹3,50,520 crore in 2023–24, according to a reply in the Lok Sabha on August 11, 2025. This amounts to a 403% rise, with a compound annual growth rate (CAGR) of 19%.
Market loans form nearly 90% of state’s liabilities
As per annexures tabled with Unstarred Question No. 3679, open market loans account for the bulk of the liabilities. Of the total debt at the end of March 2024, ₹3,14,545 crore (89.3%) was through such borrowings. Loans from the Centre stood at ₹18,057.16 crore (5%), while loans from autonomous bodies were ₹13,194 crore (3%).
The state also had outstanding ways and means advances, including overdrafts, of ₹999 crore (0.29%) and special securities to the National Small Savings Fund of ₹4,723 crore (1.3%).
Assets kept pace with debt growth
The data show that state assets too expanded sharply, from ₹83,142crore in 2014–15 to ₹4,15,099 crore in 2023–24, marking a 399% rise and a CAGR of 19%. Assets exceeded debt in every year covered, though the debt-to-asset ratio fluctuated between 81% and 89%.
The ratio was 83% in 2014–15, peaked at 89% the following year, dropped to a low of 81% in 2020–21, and stood at 84% in 2023–24.
Year-wise trends
The single largest annual increase in debt came in 2021–22, when liabilities rose by ₹45,315 crore. Assets recorded their biggest one-year jump in 2023–24, rising by ₹48,341 crore.
Overall, both liabilities and assets expanded almost in tandem over the decade, with debt growing marginally faster in CAGR terms.
