The off-budget borrowings had increased by more than 4.5 times in 2014-19, during which period entities such as the Civil Supplies Corporation contracted debt to the tune of ₹20,000 crore, said Duvvuri Krishna, Special Secretary to CM (finance and economic affairs).
Mr. Krishna insisted that the intention of the opposition parties to mislead the people that the present government’s policies led to an unchecked increase in off-budget borrowings was apparent.
Addressing the media here on Wednesday, Mr. Krishna said former Finance Minister Yanamala Ramakrishnudu made a wrong allegation that the government was making off-budget borrowings amounting to ₹1,00,000 crore every year.
