The CAG report flags that Telangana's outstanding public debt, when including off-budget borrowings, stands at 34.29% of its GSDP, breaching the FRBM Act's prescribed ceiling of 32.8%. This highlights a critical fiscal management challenge and the growing use of off-budget liabilities by states, a key topic for both prelims and mains.
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1-Minute Revision
- ›Total Outstanding Debt: ₹4.59 Lakh Crore
- ›Off-Budget Borrowings (OBBs): ₹1.17 Lakh Crore
- ›Target this Data: Debt-to-GSDP ratio of 34.29% vs. FRBM ceiling of 32.8% for Telangana (2024-25).
- ›Target this Nodal Body: Comptroller and Auditor General of India (CAG).
- ›Target this Legal Point: Fiscal Responsibility and Budget Management (FRBM) Act.
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