RBI report shows BRS govt understated outstanding guarantees
The New Indian Express Hyderabad|December 24, 2024
THE Reserve Bank of India (RBI)'s report on "State Finances — A Study of Budgets of 2024-25", released on December 19, revealed the total Outstanding Guarantees (state government's guarantees on behalf of urban local bodies, cooperative institutions, and public sector enterprises) of the state government was at ₹2,14,705 crore at the end of March, 2023, and ₹2,20,606 crore at the end of March, 2024.
AKSHITA CHITLA @Hyderabad

These guarantees are in addition to the total outstanding liabilities of the state government which were reported as ₹3,49,727 crore at the end of March, 2023, and ₹3,93,286 crore at the end of March, 2024.

The annexure to the budget document for 2023-24, presented by the then finance minister T Harish Rao, showed outstanding guarantees of government at ₹38,867 crore as on 31 January, 2023.

This figure of ₹38,867 crore, the document noted, is based on assigning risks to ₹1,29,243 crore outstanding guarantees provided to various SPVs/Corporations/Institutions.

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