World Bank flags gaps in Telangana off-budget debt reporting
The report pointed out that six Telangana state entities, which had earlier reported borrowings on behalf of the govt, showed nil off-budget liabilities in 2022. This was despite govt guarantees worth ₹35,667 crore and direct govt loans of ₹3,916 crore being provided for debt servicing. The CAG adopted the latest available figure of ₹32,351 crore as Telangana’s reported off-budget borrowings.
Hyderabad : The World Bank , in its report ‘A Study of Off-Budget Borrowings in India for the 16th Finance Commission’, has flagged inconsistencies in the reporting of off-budget borrowings by state govts, pointing to discrepancies in Telangana ’s disclosures. It recommends a standardised annual disclosure system, preferably as part of state budgets, with entity-wise details of outstanding borrowings, fresh loans, repayments, interest payments, and govt assistance for debt servicing. It has also recommended that the CAG incorporate these disclosures into the State Finance Accounts to improve transparency and accountability. You Can Also Check: Gold Rate in Hyderabad | Silver Rate in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad | Hyderabad AQI | Weather in Hyderabad | Petrol Price in Hyderabad | Diesel Price in Hyderabad | CNG Price in Hyderabad | LPG Price in Hyderabad