Study: States may have breached debt ceilings

Just two states, Andhra Pradesh and Telangana, had off-balance-sheet borrowings of around Rs 2.1 lakh crore in 2020-21, nearly half the extra budgetary resources utilised by the Centre, an analysis by a think tank has shown amid concerns that the states may be hiding the true extent of their borrowings by raising money through their public sector companies to meet subsidies and other liabilities. https://ift.tt/4VolFwz