BHUBANESWAR: Odisha's debt burden is estimated at Rs 66,560 crore via November, informed finance secretary TK Pandey all over a press briefing here after presentation of the supplementary finances.
Pandey mentioned the state govt has taken mortgage value Rs 5,500 crore from open marketplace all over the current monetary yr.
The mortgage burden of the state was once Rs 18100 crore in 1999-2000, Rs 37,730 crore in 2009-10 and Rs 43,273 crore in 2014-15, mentioned assets within the finance division.
"The debt burden of the state is around 16 per cent of the gross state domestic product while. It is well below the permissible limit of 25 per cent," Pandey mentioned.
On earnings generation, the finance secretary mentioned mining sector of the state, a big income, is growing at a rate of 37 according to cent in comparison to the former yr.
Besides, the state govt is anticipated to get Rs 200 crore per thirty days from the Indian Oil Corporation Limited as according to the revised settlement between the state govt and the oil PSU. The IOCL paid Rs 2935 crore to the state govt towards VAT cost of its Paradip Refinery in September.
The finance secretary additionally claimed robust health of the Odisha's economic condition post items and services and products tax (GST) implementation.
Pandey mentioned the state govt has taken mortgage value Rs 5,500 crore from open marketplace all over the current monetary yr.
The mortgage burden of the state was once Rs 18100 crore in 1999-2000, Rs 37,730 crore in 2009-10 and Rs 43,273 crore in 2014-15, mentioned assets within the finance division.
"The debt burden of the state is around 16 per cent of the gross state domestic product while. It is well below the permissible limit of 25 per cent," Pandey mentioned.
On earnings generation, the finance secretary mentioned mining sector of the state, a big income, is growing at a rate of 37 according to cent in comparison to the former yr.
Besides, the state govt is anticipated to get Rs 200 crore per thirty days from the Indian Oil Corporation Limited as according to the revised settlement between the state govt and the oil PSU. The IOCL paid Rs 2935 crore to the state govt towards VAT cost of its Paradip Refinery in September.
The finance secretary additionally claimed robust health of the Odisha's economic condition post items and services and products tax (GST) implementation.
Over Rs 66,560 crore debt burden on Odisha: Finance secretary
![Over Rs 66,560 crore debt burden on Odisha: Finance secretary]()
Reviewed by Kailash
on
December 01, 2017
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