Heated debate on State’s debt

  • | Wednesday | 15th November, 2017

The Finance Minister said the State obtained ?22,485.06 crore loans from Centre and other financial institutions and the total debt of the State was pegged at ?1.35 lakh crore. “The government has obtained loans for ensuring accelerated development in terms of necessary infrastructure. BJP member G. Kishan Reddy demanded that the government make public the details of loans obtained in the name of corporations. This was in addition to the off budget loans obtained in the name of corporations and the loans obtained by the government were around ?2 lakh crore taking the per capita debt to close to ?40,000. The government was remitting ?8,609.19 crore towards debt servicing annually.

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