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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