Summary:
BHUBANESWAR: The state’s debt burden is expected to touch a new high; it is estimated to be around Rs 87,650 crore by the end of the current fiscal (March 31, 2018). Our debt burden has not even touched 20 per cent of the GSDP. So, Odisha has shown good fiscal parameters,” said Meena.The state’s GSDP by the end of 2018-19 is estimated to be around Rs 4.86 lakh crore. We have also performed well on interest payment. This may increase to Rs 5.40 lakh crore by the end of the 2019-20 financial year.The GSDP is defined as a measure, in monetary terms, of the volume of all goods and services produced within the boundaries of the state during a year.The debt stress of the state had been brought down to 17.8 per cent of GSDP in 2017-18 from the level of 50.7 per cent of the GSDP in 2002-03, said sources in finance department.To meet the budget expenditure, the state government has aimed to go for open market borrowing of Rs 14,650 crore, Rs 4,750 crore from agencies like Nabard and Rs 1400 crore form externally aided projects during the 2019-20 fiscal..