BHUBANESWAR: Odisha's debt burden is estimated at Rs 66,560 crore via November, informed finance secretary TK Pandey all the way through a press briefing right here after presentation of the supplementary funds.
Pandey mentioned the state government has taken mortgage worth Rs five,500 crore from open marketplace all the way through the current monetary yr.
The mortgage burden of the state used to be 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 income generation, the finance secretary mentioned mining sector of the state, a major source of revenue, is rising at a rate of 37 according to cent compared to the former yr.
Besides, the state government is predicted to get Rs 200 crore per 30 days from the Indian Oil Corporation Limited as according to the revised settlement between the state government and the oil PSU. The IOCL paid Rs 2935 crore to the state government towards VAT cost of its Paradip Refinery in September.
The finance secretary additionally claimed tough health of the Odisha's financial condition publish goods and services tax (GST) implementation.
Pandey mentioned the state government has taken mortgage worth Rs five,500 crore from open marketplace all the way through the current monetary yr.
The mortgage burden of the state used to be 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 income generation, the finance secretary mentioned mining sector of the state, a major source of revenue, is rising at a rate of 37 according to cent compared to the former yr.
Besides, the state government is predicted to get Rs 200 crore per 30 days from the Indian Oil Corporation Limited as according to the revised settlement between the state government and the oil PSU. The IOCL paid Rs 2935 crore to the state government towards VAT cost of its Paradip Refinery in September.
The finance secretary additionally claimed tough health of the Odisha's financial condition publish goods and services tax (GST) implementation.
'Over Rs 66,560 crore debt burden on Odisha'
!['Over Rs 66,560 crore debt burden on Odisha']()
Reviewed by Kailash
on
December 01, 2017
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