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The Telangana Government has crossed the ceiling acceptable for nationalist indebtedness nether the Fiscal Responsibility and Budget Management (FRBM) regulations if the details released by the Comptroller and Auditor General of India (CAG) are immoderate indication.
In the study connected the Finance Accounts for 2024-25, the CAG said that the State’s outstanding nationalist indebtedness and different liabilities basal astatine ₹4.59 lakh crore, which includes interior debt, marketplace borrowings and loans from Central Government and different fiscal institutions. As per the mean word fiscal policy, the revised estimation of the full outstanding liabilities arsenic percent of the GSDP was 32.8% for the year.
“However, the full liability does not see disconnected fund borrowings, authorities guaranteed loans raised by SPVs oregon corp oregon entities but being serviced by the authorities amounting to ₹1.17 lakh crore arsenic connected February 28, 2025,” the study said. The authorities furnished the equilibrium of off-budget borrowing, which was 100% hazard weighted outstanding warrant amount.
“The ratio of the outstanding nationalist indebtedness and different liabilities astatine ₹5,62 lakh crore, including the off-budget borrowings of ₹1.17 lakh crore but excluding backmost to backmost loans by the Central Government successful lieu of shortfall successful GST compensation of ₹1,940 crore worked retired to 34.29% of the GSDP”.
With the GSDP for 2024-25 pegged astatine ₹16.4 lakh crore, the outstanding accounted to 34.29% against the ceiling of 32.8%. The study said that the interior debt, including marketplace loans (long word loans having a currency of much than 12 months) raised successful the unfastened marketplace was ₹56,209 crore. The Government raised 58 loans bearing complaint of involvement varying from 7.07% to 7.48%, redeemable betwixt years 2035 and 2055.
Simultaneously, repayment of 14 marketplace loans to the grade of ₹13,117 crore with involvement rates varying from 5.82% to 9.4% of Telangana and Andhra Pradesh authorities banal 2024 and 2025 was made during the period.
