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Debt Burden On The Assam Government Rising

Debt Burden On The Assam Government Rising

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  6 Feb 2019 2:29 AM GMT

GUWAHATI: The debt burden on the Assam government is increasing each year with the latest liability in the financial year 2017-’18 touching the figure of Rs 45,861.90 cr. This was revealed in the reply given by State Finance Minister Himanta Biswa Sarma in the Assembly on Tuesday. The issue was raised by Congress MLA Rajdeep Gowala.

According to the data revealed in the House for the period from 2013-2014 to 2017-2018, the debt liability of the State Government in 2013-14 was Rs 27,455.63 crore. It rose to Rs 31,300.99 crore in 2014-2015; Rs 35,690.22 crore in 2015-2016; and to Rs 38,345.76 crore in 2016-2017.

The State Government borrows loans from five sources, namely market, Institutional, NSSF, Central government, and State Provident Fund (SPF).

The loan shares of the five sources in 2017-2018 are as follows: Market: Rs 22,465. 41 crore; Institutional: Rs 2,164.24 crore; NSSF: Rs 8,664.08 crore; Central: Rs 1,361.18 crore; and SPF: Rs 11,206.99 crore.

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