After the Centre’s clampdown on states for resorting to fiscal indiscipline, states’ off-budget borrowings will likely fall 72% on year to Rs 18,498 crore in the current financial year.

When factoring in off-budget borrowings, the overall interest burden surged from 15.1% in 2014–15 to 28.2% in 2023–24, signalling persistent pressure on state finances, it said.

He said that the State had resorted to off-Budget borrowings to complete irrigation projects in the shortest time but the Centre had imposed borrowing limits. This cut in borrowing limit ...

With States’ borrowing limits for this fiscal set to be pared in tune with their off-budget borrowings since 2020-21, some States that had borrowed more in the pandemic-hit years could face ...

The off-budget borrowings are loans that government does ... to audit all receipts and expenditure of both Centre and state, has warned the union government about extra borrowing several times.

THIRUVANANTHAPURAM: The Central government has adjusted Rs 14,000 crore worth off-budget borrowings in the net borrowing ceiling (NBC) of the state government. The cut will be in a phased manner.

In the year 2023-24, as per the scrutiny of vouchers, the State government budgeted and expended an amount of Rs 10,037.31 crore towards assistance/grants on account of off-budget borrowings.

The Comptroller and Auditor General (CAG) reported that the Telangana government faced liabilities of Rs 2,86,228 crore for market borrowings from 2022-23 to 2032-33. A significant portion of ...

for servicing off-budget borrowings. “This practice raises concerns about the sustainability of the state’s debt,” the CAG report said. The audit body said the overall debt sustainability ...

Using the debt-to-GDP ratio as a fiscal anchor aligns with efforts to promote fiscal transparency through proper disclosure of off-budget borrowings ... Regarding states, Seth said the government ...

the CM said it is also the first state in the country to incorporate off-budget borrowings into total liabilities. However, the union government's failure to fully compensate for GST revenue loss ...