The State’s outstanding liabilities, primarily through borrowings, have almost doubled in the last five years.
According to the details furnished by Union Finance Minister Nirmala Sitharaman in the Lok Sabha on Monday, the State’s outstanding liabilities increased from ₹1.9 lakh crore in the financial year 2019 to ₹3.66 lakh crore in the budget estimates of fiscal year 2023. Telangana was next only to Rajasthan in year-wise increase in the outstanding liabilities in percentage terms during the five years.
Year wise increase in outstanding liabilities of Rajasthan were pegged at 17.2 % closely followed by Telangana at 16.6 % going by the budget estimates of fiscal year 2022-23. This is also highest among the southern States. The neighbouring Andhra Pradesh has outstanding liabilities of ₹4.42 lakh crore as per the budget estimates of FY2023, but the year wise increase in terms of percentage was only 12.4 %, according to the written reply given by Ms. Nirmala Sitharaman in response to a query by BRS MP Nama Nageswara Rao.
