Lok Sabha Question No. 1867 (UNSTARRED), answered on 2022-12-19
Subject: Outstanding Liabilities of States
Ministry: FINANCE
Asked by: Anurag Sharma, Gaddam Ranjith Reddy, Kavitha Malothu

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF EXPENDITURE

## LOK SABHA

## UNSTARRED QUESTION NO.  1867 TO BE ANSWERED ON MONDAY, 19 th  DECEMBER, 2022 28 AGRAHAYANA, 1944 (SAKA)

## Outstanding Liabilities of States

## 1867. SHRI VENKATESH NETHA BORLAKUNTA: DR. G. RANJITH REDDY: SHRIMATI KAVITHA MALOTHU:

Will the Minister of FINANCE be pleased to state:

- (a) the details of outstanding liabilities of States in absolute terms and the percentage of increase of such liabilities during each of the last five years and the current year, State-wise;
- (b) the details of the  country's  GDP,  growth  in  its GDP,  its  outstanding  debt  and  borrowings during each of the last ten years, category-wise;
- (c) whether debt-GDP ratio of the country has crossed 60 per cent in this fiscal and if so, the reasons therefor;
- (d) the details of percentage of debt to GDP of States since 2014, year-wise and State-wise at current prices; and
- (e) whether some States have crossed their debt of permitted ratio and if so, the details thereof since 2014, State-wise and year-wise?

## ANSWER

## MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI PANKAJ CHAUDHARY)

- (a) As per the Reserve Bank of India's report titled 'State finances: A study of budgets of 2021-22',  the  State-wise  details of total outstanding  liabilities  of  State  Governments  and percentage of increase of such liabilities during each of the last five years are given in AnnexureI.

(b) Details  of  the  country's  Gross  Domestic Product  (GDP),  growth  in  GDP,  outstanding debt/liabilities  and  borrowings  during  each  of  the  last  ten  years,  category-wise  are  given  in Annexure-II .

(c) Nominal  GDP  for  BE  2022-23  was  projected  at  Rs.  258.00  lakh  crore  with  11.1% growth  over  1 st advance  estimates  of  nominal  GDP  of  Rs.  232.14  lakh  crore  in  FY  2021-22. Accordingly, debt to GDP ratio was estimated at 60.2% in the FY 2022-23. However, with the upward revision of  nominal  GDP  to  Rs.  236.65  lakh crore  as  per  provisional  estimates  for  FY 2021-22, released by Ministry of Statistics  and  Programme  Implementation (MoSPI)  on 31.05.2022, debt to GDP ratio is expected to remain less than 60% in FY 2022-23.

(d) As  per  the  Reserve  Bank  of  India's  report  titled  'State  finances:  A  study  of  budgets  of 2021-22' the State-wise and year-wise, outstanding liabilities of State Governments as percentage of Gross State Domestic Product (GSDP) since 2014 are given in Annexure-III .

(e) All States have enacted their Fiscal Responsibility and Budget Management (FRBM) Act. Compliance to the State FRBM Act is monitored by the respective State Legislatures. Department of Expenditure, Ministry of Finance generally follows the fiscal limits mandated by the accepted recommendations of the Finance Commission while exercising the powers to approve borrowings by States under Article 293 (3) of the Constitution of India.

********

Annexure-I referred to in the answer of part (a) of Lok Sabha Unstarred question no. 1867 for 19.12.2022

## State-wise details of total outstanding liabilities of State Governments and percentage of increase of such liabilities

| State             | Outstanding liabilities of State at the end -March (Rs. In crore)   | Outstanding liabilities of State at the end -March (Rs. In crore)   | Outstanding liabilities of State at the end -March (Rs. In crore)   | Outstanding liabilities of State at the end -March (Rs. In crore)   | Outstanding liabilities of State at the end -March (Rs. In crore)   | Percentage increase in outstanding liabilities during the year   | Percentage increase in outstanding liabilities during the year   | Percentage increase in outstanding liabilities during the year   | Percentage increase in outstanding liabilities during the year   | Percentage increase in outstanding liabilities during the year   |
|-------------------|---------------------------------------------------------------------|---------------------------------------------------------------------|---------------------------------------------------------------------|---------------------------------------------------------------------|---------------------------------------------------------------------|------------------------------------------------------------------|------------------------------------------------------------------|------------------------------------------------------------------|------------------------------------------------------------------|------------------------------------------------------------------|
| State             | 2018                                                                | 2019                                                                | 2020                                                                | 2021 (RE)                                                           | 2022 (BE)                                                           | 2017-18                                                          | 2018-19                                                          | 2019-20                                                          | 2020-21 (RE)                                                     | 2021-22 (BE)                                                     |
| Andhra Pradesh    | 2,29,333.8                                                          | 2,64,451.0                                                          | 3,07,671.5                                                          | 3,60,333.4                                                          | 3,98,903.6                                                          | -9.8                                                             | 15.3                                                             | 16.3                                                             | 17.1                                                             | 10.7                                                             |
| Arunachal Pradesh | 6,968.7                                                             | 8,430.5                                                             | 12,125.1                                                            | 13,841.1                                                            | 15,122.6                                                            | 22.9                                                             | 21.0                                                             | 43.8                                                             | 14.2                                                             | 9.3                                                              |
| Assam             | 49,309.8                                                            | 59,796.4                                                            | 73,527.8                                                            | 90,764.9                                                            | 1,07,719.5                                                          | 12.0                                                             | 21.3                                                             | 23.0                                                             | 23.4                                                             | 18.7                                                             |
| Bihar             | 1,56,980.5                                                          | 1,69,045.4                                                          | 1,93,534.3                                                          | 2,23,645.8                                                          | 2,46,413.1                                                          | 12.9                                                             | 7.7                                                              | 14.5                                                             | 15.6                                                             | 10.2                                                             |
| Chhattisgarh      | 55,049.5                                                            | 68,981.5                                                            | 86,005.7                                                            | 1,00,150.8                                                          | 1,14,200.8                                                          | 26.9                                                             | 25.3                                                             | 24.7                                                             | 16.4                                                             | 14.0                                                             |
| Goa               | 18,641.9                                                            | 20,500.2                                                            | 22,645.7                                                            | 25,765.3                                                            | 28,509.9                                                            | 10.3                                                             | 10.0                                                             | 10.5                                                             | 13.8                                                             | 10.7                                                             |
| Gujarat           | 2,68,263.2                                                          | 2,98,755.1                                                          | 3,29,351.8                                                          | 3,78,734.3                                                          | 4,02,785.4                                                          | 10.2                                                             | 11.4                                                             | 10.2                                                             | 15.0                                                             | 6.4                                                              |
| Haryana           | 1,67,262.1                                                          | 1,87,635.8                                                          | 2,19,245.9                                                          | 2,34,917.7                                                          | 2,79,022.8                                                          | 11.9                                                             | 12.2                                                             | 16.8                                                             | 7.1                                                              | 18.8                                                             |
| Himachal Pradesh  | 51,030.4                                                            | 54,303.3                                                            | 62,218.4                                                            | 66,939.4                                                            | 74,686.4                                                            | 8.0                                                              | 6.4                                                              | 14.6                                                             | 7.6                                                              | 11.6                                                             |
| Jharkhand         | 77,585.7                                                            | 83,878.2                                                            | 94,504.5                                                            | 1,05,570.9                                                          | 1,17,789.8                                                          | 15.2                                                             | 8.1                                                              | 12.7                                                             | 11.7                                                             | 11.6                                                             |
| Karnataka         | 2,45,950.6                                                          | 2,86,328.7                                                          | 3,38,665.7                                                          | 4,01,227.1                                                          | 4,61,832.8                                                          | 16.5                                                             | 16.4                                                             | 18.3                                                             | 18.5                                                             | 15.1                                                             |
| Kerala            | 2,16,499.4                                                          | 2,43,745.7                                                          | 2,67,585.4                                                          | 3,05,351.7                                                          | 3,35,989.1                                                          | 13.0                                                             | 12.6                                                             | 9.8                                                              | 14.1                                                             | 10.0                                                             |
| Madhya Pradesh    | 1,73,137.0                                                          | 1,95,178.3                                                          | 2,11,489.0                                                          | 2,66,899.1                                                          | 3,17,736.8                                                          | 10.9                                                             | 12.7                                                             | 8.4                                                              | 26.2                                                             | 19.0                                                             |
| Maharashtra       | 4,32,479.4                                                          | 4,38,841.8                                                          | 4,80,955.2                                                          | 5,30,310.4                                                          | 6,08,999.7                                                          | 9.2                                                              | 1.5                                                              | 9.6                                                              | 10.3                                                             | 14.8                                                             |
| Manipur           | 9,564.9                                                             | 10,463.0                                                            | 11,405.8                                                            | 12,334.4                                                            | 13,510.6                                                            | 8.3                                                              | 9.4                                                              | 9.0                                                              | 8.1                                                              | 9.5                                                              |
| Meghalaya         | 10,157.5                                                            | 11,348.4                                                            | 12,320.7                                                            | 14,027.1                                                            | 15,125.0                                                            | 9.9                                                              | 11.7                                                             | 8.6                                                              | 13.8                                                             | 7.8                                                              |
| Mizoram           | 7,547.0                                                             | 7,638.7                                                             | 9,001.4                                                             | 10,401.8                                                            | 11,830.4                                                            | 13.0                                                             | 1.2                                                              | 17.8                                                             | 15.6                                                             | 13.7                                                             |
| Nagaland          | 10,399.2                                                            | 11,639.5                                                            | 13,836.1                                                            | 14,586.3                                                            | 15,620.8                                                            | 8.8                                                              | 11.9                                                             | 18.9                                                             | 5.4                                                              | 7.1                                                              |
| Odisha            | 1,03,065.7                                                          | 1,05,685.1                                                          | 1,43,800.3                                                          | 1,56,985.1                                                          | 1,67,205.8                                                          | 43.2                                                             | 2.5                                                              | 36.1                                                             | 9.2                                                              | 6.5                                                              |
| Punjab            | 1,95,174.1                                                          | 2,11,940.1                                                          | 2,29,629.9                                                          | 2,59,901.8                                                          | 2,82,864.6                                                          | 6.9                                                              | 8.6                                                              | 8.3                                                              | 13.2                                                             | 8.8                                                              |
| Rajasthan         | 2,81,663.1                                                          | 3,11,853.6                                                          | 3,53,182.0                                                          | 4,08,526.6                                                          | 4,77,177.2                                                          | 10.3                                                             | 10.7                                                             | 13.3                                                             | 15.7                                                             | 16.8                                                             |
| Sikkim            | 5,910.9                                                             | 6,850.4                                                             | 7,954.0                                                             | 9,560.3                                                             | 11,285.3                                                            | 26.1                                                             | 15.9                                                             | 16.1                                                             | 20.2                                                             | 18.0                                                             |
| Tamil Nadu        | 3,26,636.0                                                          | 4,01,503.8                                                          | 4,62,201.8                                                          | 5,59,232.6                                                          | 6,59,868.9                                                          | 15.2                                                             | 22.9                                                             | 15.1                                                             | 21.0                                                             | 18.0                                                             |
| Telangana         | 1,60,296.3                                                          | 1,90,202.7                                                          | 2,25,418.0                                                          | 2,67,530.7                                                          | 3,12,191.3                                                          | 95.9                                                             | 18.7                                                             | 18.5                                                             | 18.7                                                             | 16.7                                                             |
| Tripura           | 13,383.7                                                            | 15,085.5                                                            | 18,178.9                                                            | 20,797.5                                                            | 23,624.5                                                            | 12.9                                                             | 12.7                                                             | 20.5                                                             | 14.4                                                             | 13.6                                                             |
| Uttar Pradesh     | 5,17,584.9                                                          | 5,67,777.0                                                          | 5,49,559.2                                                          | 6,00,006.2                                                          | 6,53,307.5                                                          | 9.3                                                              | 9.7                                                              | -3.2                                                             | 9.2                                                              | 8.9                                                              |
| Uttarakhand       | 53,071.1                                                            | 59,386.6                                                            | 67,544.7                                                            | 75,351.4                                                            | 84,288.7                                                            | 19.2                                                             | 11.9                                                             | 13.7                                                             | 11.6                                                             | 11.9                                                             |
| West Bengal       | 3,71,071.5                                                          | 4,04,735.9                                                          | 4,45,790.4                                                          | 5,01,837.2                                                          | 5,62,697.2                                                          | 9.9                                                              | 9.1                                                              | 10.1                                                             | 12.6                                                             | 12.1                                                             |

Source:

RBI report titled 'State finances: A study of budgets of 2021-22'

RE: Revised Estimates BE: Budget Estimates

## Annexure-II referred to in the answer of part (b) of Lok Sabha Unstarred question no. 1867 for 19.12.2022

## Details of the country's Gross Domestic Product (GDP), growth in GDP, outstanding debt/liabilities and borrowings during each of the last ten years, category-wise

(₹. lakh crore)

|                |               |                          | Central Government debt/liabilities outstanding as on 31 st March   | Central Government debt/liabilities outstanding as on 31 st March   | Central Government debt/liabilities outstanding as on 31 st March   | Central Government debt/liabilities outstanding as on 31 st March   | Central Government debt/liabilities outstanding as on 31 st March   | Gross borrowings during the financial year                 | Gross borrowings during the financial year   | Gross borrowings during the financial year   |
|----------------|---------------|--------------------------|---------------------------------------------------------------------|---------------------------------------------------------------------|---------------------------------------------------------------------|---------------------------------------------------------------------|---------------------------------------------------------------------|------------------------------------------------------------|----------------------------------------------|----------------------------------------------|
| Financial Year | GDP (Nominal) | YoY Growth in GDP (in %) | Internal Debt                                                       | External Debt (at current prices)                                   | Other liabilities*                                                  | Total Debt/ Liabilities                                             | Total Debt/ Liabilities (% of GDP)                                  | Internal/ Market borrowings through Govt. dated securities | External Borrowing                           | Total                                        |
| 2012-13        | 99.44         | 13.8                     | 37.65                                                               | 3.32                                                                | 10.12                                                               | 51.09                                                               | 51.4                                                                | 5.58                                                       | 0.23                                         | 5.81                                         |
| 2013-14        | 112.34        | 13.0                     | 42.41                                                               | 3.74                                                                | 11.16                                                               | 57.31                                                               | 51.0                                                                | 5.57                                                       | 0.25                                         | 5.82                                         |
| 2014-15        | 124.68        | 11.0                     | 47.38                                                               | 3.66                                                                | 11.40                                                               | 62.44                                                               | 50.1                                                                | 5.92                                                       | 0.33                                         | 6.25                                         |
| 2015-16        | 137.72        | 10.5                     | 53.05                                                               | 4.07                                                                | 11.99                                                               | 69.10                                                               | 50.2                                                                | 5.85                                                       | 0.36                                         | 6.21                                         |
| 2016-17        | 153.92        | 11.8                     | 57.42                                                               | 4.08                                                                | 13.44                                                               | 74.94                                                               | 48.7                                                                | 5.82                                                       | 0.44                                         | 6.26                                         |
| 2017-18        | 170.90        | 11.0                     | 64.01                                                               | 4.45                                                                | 14.44                                                               | 82.91                                                               | 48.5                                                                | 5.88                                                       | 0.49                                         | 6.37                                         |
| 2018-19        | 188.87        | 10.5                     | 70.75                                                               | 4.74                                                                | 17.03                                                               | 92.52                                                               | 49.0                                                                | 5.71                                                       | 0.51                                         | 6.22                                         |
| 2019-20        | 200.75        | 6.3                      | 80.20                                                               | 5.44                                                                | 19.58                                                               | 105.23                                                              | 52.4                                                                | 7.10                                                       | 0.63                                         | 7.73                                         |
| 2020-21        | 198.01        | -1.4                     | 99.08                                                               | 6.15                                                                | 16.83                                                               | 122.06                                                              | 61.6                                                                | 13.70                                                      | 1.24                                         | 14.94                                        |
| 2021-22 (Prov) | 236.65        | 19.5                     | 114.62                                                              | 6.59                                                                | 17.67                                                               | 138.87                                                              | 58.7                                                                | 11.27                                                      | 0.87                                         | 12.14                                        |

Notes: (1) Outstanding External debt is at current exchange rate as on 31 st March of the respective financial year

(2) Internal market borrowings raised through dated securities in FY 2020-21 & FY 2021-22 includes borrowings of Rs. 1.10 lakh crore & Rs.1.59 lakh crore respectively for providing back-to-back loans to States/UTs with legislature in lieu of shortfall in GST compensation.

Annexure-III referred to in the answer of part (d) of Lok Sabha Starred question no. 1867 for 19.12.2022

## State-wise and year-wise, outstanding liabilities of State Governments as percentage of Gross State Domestic Product (GSDP)

|                   | Outstanding Liabilities as percentage of GSDP (as at end-March)   | Outstanding Liabilities as percentage of GSDP (as at end-March)   |   Outstanding Liabilities as percentage of GSDP (as at end-March) |   Outstanding Liabilities as percentage of GSDP (as at end-March) |   Outstanding Liabilities as percentage of GSDP (as at end-March) |   Outstanding Liabilities as percentage of GSDP (as at end-March) |   Outstanding Liabilities as percentage of GSDP (as at end-March) | Outstanding Liabilities as percentage of GSDP (as at end-March)   | Outstanding Liabilities as percentage of GSDP (as at end-March)   |
|-------------------|-------------------------------------------------------------------|-------------------------------------------------------------------|-------------------------------------------------------------------|-------------------------------------------------------------------|-------------------------------------------------------------------|-------------------------------------------------------------------|-------------------------------------------------------------------|-------------------------------------------------------------------|-------------------------------------------------------------------|
| State             | 2014                                                              | 2015                                                              |                                                            2016   |                                                            2017   |                                                            2018   |                                                            2019   |                                                            2020   | 2021 (RE)                                                         | 2022 (BE)                                                         |
| Andhra Pradesh    | 42.3                                                              | 23.3                                                              |                                                              24.5 |                                                              37.2 |                                                              29.2 |                                                              30.4 |                                                              31.7 | 36.5                                                              | 37.6                                                              |
| Arunachal Pradesh | 32.3                                                              | 34.3                                                              |                                                              30.9 |                                                              28.5 |                                                              31   |                                                              33.4 |                                                              43.2 | 48.6                                                              | 57.4                                                              |
| Assam             | 17.4                                                              | 18.1                                                              |                                                              18.4 |                                                              17.3 |                                                              17.4 |                                                              19.3 |                                                              21.9 | 27.1                                                              | 31.9                                                              |
| Bihar             | 27.9                                                              | 29.0                                                              |                                                              31.4 |                                                              33   |                                                              33.5 |                                                              32   |                                                              32.6 | 36.2                                                              | 34.0                                                              |
| Chhattisgarh      | 12.6                                                              | 13.2                                                              |                                                              17.4 |                                                              16.5 |                                                              19.5 |                                                              21.7 |                                                              24.9 | 28.6                                                              | 29.8                                                              |
| Goa               | 37.0                                                              | 29.5                                                              |                                                              28.4 |                                                              26.8 |                                                              26.9 |                                                              28.5 |                                                              30.3 | 27.9                                                              | 31.9                                                              |
| Gujarat           | 23.3                                                              | 22.0                                                              |                                                              22.5 |                                                              20.9 |                                                              20.2 |                                                              20   |                                                              20.2 | 22.8                                                              | 21.4                                                              |
| Haryana           | 19.9                                                              | 21.2                                                              |                                                              25   |                                                              26.6 |                                                              25.9 |                                                              26.6 |                                                              28.1 | 30.7                                                              | 35.3                                                              |
| Himachal Pradesh  | 35.7                                                              | 36.8                                                              |                                                              36.1 |                                                              37.6 |                                                              36.8 |                                                              36.3 |                                                              38.2 | 42.8                                                              | 43.4                                                              |
| Jharkhand         | 20.1                                                              | 20.0                                                              |                                                              27.6 |                                                              28.5 |                                                              28.8 |                                                              27.4 |                                                              29.4 | 33.3                                                              | 32.6                                                              |
| Karnataka         | 17.0                                                              | 17.4                                                              |                                                              17.8 |                                                              17.5 |                                                              18.4 |                                                              19.2 |                                                              20.8 | 24.1                                                              | 25.7                                                              |
| Kerala            | 27.0                                                              | 28.0                                                              |                                                              28.9 |                                                              30.2 |                                                              30.9 |                                                              30.8 |                                                              31.3 | 37.1                                                              | 38.3                                                              |
| Madhya Pradesh    | 21.9                                                              | 22.7                                                              |                                                              23.6 |                                                              24   |                                                              23.8 |                                                              24   |                                                              22.6 | 29.1                                                              | 29.0                                                              |
| Maharashtra       | 18.8                                                              | 18.1                                                              |                                                              17.9 |                                                              18   |                                                              18.4 |                                                              17   |                                                              17.1 | 19.9                                                              | 20.4                                                              |
| Manipur           | 43.8                                                              | 40.8                                                              |                                                              41.7 |                                                              41.5 |                                                              37.1 |                                                              37.5 |                                                              35.9 | 32.7                                                              | 31.3                                                              |
| Meghalaya         | 28.7                                                              | 29.7                                                              |                                                              30   |                                                              33.7 |                                                              34.4 |                                                              35.3 |                                                              35.5 | 42.0                                                              | 39.2                                                              |
| Mizoram           | 60.4                                                              | 51.9                                                              |                                                              46.7 |                                                              38.9 |                                                              38.9 |                                                              34.9 |                                                              35.8 | 32.9                                                              | 31.2                                                              |
| Nagaland          | 50.3                                                              | 43.2                                                              |                                                              45.7 |                                                              44   |                                                              42.6 |                                                              43.9 |                                                              46.8 | 46.5                                                              | 44.2                                                              |
| Odisha            | 17.0                                                              | 16.2                                                              |                                                              19.9 |                                                              18.3 |                                                              23.4 |                                                              21.2 |                                                              26.2 | 28.8                                                              | 26.7                                                              |
| Punjab            | 30.8                                                              | 31.7                                                              |                                                              34.4 |                                                              42.8 |                                                              41.4 |                                                              41.4 |                                                              42.5 | 49.1                                                              | 53.3                                                              |
| Rajasthan         | 23.3                                                              | 24.1                                                              |                                                              30.8 |                                                              33.6 |                                                              34   |                                                              33.8 |                                                              35.4 | 42.6                                                              | 39.8                                                              |
| Sikkim            | 24.1                                                              | 22.7                                                              |                                                              24.1 |                                                              22.7 |                                                              22.8 |                                                              24.1 |                                                              25.8 | 29.2                                                              | 29.6                                                              |
| Tamil Nadu        | 18.5                                                              | 17.3                                                              |                                                              19.4 |                                                              21.8 |                                                              22.3 |                                                              24.6 |                                                              25.7 | 29.4                                                              | 31.6                                                              |
| Telangana         | -                                                                 | -                                                                 |                                                              15.7 |                                                              12.4 |                                                              21.4 |                                                              22.1 |                                                              23.5 | 27.3                                                              | 27.4                                                              |
| Tripura           | 34.1                                                              | 34.0                                                              |                                                              28.8 |                                                              30   |                                                              30.6 |                                                              30.3 |                                                              32.5 | 35.3                                                              | 36.3                                                              |
| Uttar Pradesh     | 28.3                                                              | 31.0                                                              |                                                              33.9 |                                                              36.7 |                                                              36.6 |                                                              35.8 |                                                              32.6 | 35.2                                                              | 34.2                                                              |
| Uttarakhand       | 20.3                                                              | 21.1                                                              |                                                              22.7 |                                                              22.8 |                                                              24.1 |                                                              25.1 |                                                              26.6 | 31.0                                                              | 30.3                                                              |
| West Bengal       | 36.7                                                              | 34.6                                                              |                                                              39.5 |                                                              38.7 |                                                              38.1 |                                                              36.7 |                                                              36.9 | 38.6                                                              | 38.8                                                              |

Source:

RBI report titled 'State finances: A study of budgets of 2021-22'.

RE: Revised Estimates BE: Budget Estimates

(-) Not available/ Not applicable