What was Andhra Pradesh's debt on 31 March 2019?

Two governments, writing five years apart about the same date, gave figures ₹1,16,367 crore apart. The two independent auditors give a third and a fourth. The gap is a definition, and this page shows all four.

The claim

YSRCP government, about the 2014 to 2019 TDP period, 2019-07-10. White paper on state finances, 10 July 2019

Debt by the end of 2018-19 was ₹2,58,928 crore.

Figure: ₹2,58,928 crore. Matches the record. This is the state's own Revised Estimate for 2018-19. The audited accounts published later record ₹2,57,510 crore, a difference of 0.5 per cent.

The claim

TDP-led government, about the 2019 to 2024 YSRCP period, 2024-07-26. White Paper on State Finances, tabled in the Assembly, 26 July 2024

Debt on the state's exchequer as on 31.03.2019 was ₹3,75,295 crore.

Figure: ₹3,75,295 crore. Uses a different definition. This total adds borrowings by state corporations and unpaid bills to the budget debt. RBI and the audited accounts count budget debt only. On that narrower definition the paper's own figures are close to the record; on the wider one there is no independent published total to check against.

The record

Reserve Bank of India: Outstanding liabilities, end-March 2019
₹2,64,451 crore (State Finances: A Study of Budgets of 2025-26)
Government of Andhra Pradesh, audited accounts: Outstanding liabilities, end-March 2019, Accounts
₹2,57,510 crore (Statement of Fiscal Policy (FRBM), Finance Department)

Why they differ

All four figures describe the same day. The 2019 white paper and the audited accounts count the debt the state itself has borrowed, and agree within half a per cent. RBI counts the same thing with slightly different coverage and lands ₹7,000 crore higher. The 2024 white paper adds two things the others leave out: money borrowed by state corporations with a government guarantee, and bills the government had not yet paid. Those are real obligations and they are not budget debt, and no auditor publishes a total that includes them. So the ₹1,16,367 crore gap between the two governments is a choice of what to count, not a disagreement about a number.

All fact checks