Telangana’s debt at Rs3.22 lakh cr in FY22

Hyderabad: Telangana’s total liabilities including public debt stood at Rs3,21,611 crore by the end of the last financial year even as the guarantees provided by the State government was Rs1,35,283 crore, according to a CAG report placed in the Assembly on Sunday.

The CAG report further said the public debt and other liabilities showed an increase of Rs43,593 crore (16%) in 2021-22 over the previous year. The public accounts watchdog pegged the said capital expenditure during 2021-22 at Rs28,874 crore (2.51 per cent of GSDP), but stated that the growth in capex has not kept pace with the steady growth of GSDP.”