The Comptroller and Auditor General of India (CAG), in its State Finances Audit Report for the Financial Year 2020-21, said that the State government had a liability for off-budget borrowings amounting to ₹86,260 crore, which was not disclosed appropriately in its budget documents.
The result was dilution of public financial management and oversight of the Legislature, and placing major sources of funding of the government’s crucial infrastructure projects beyond the control of the Legislature.
The outstanding public debt at the end of 2020-21 increased by 15.39% (₹46,444 crore) over the previous year.
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