PANAJI: Goa's public debt as on March 2018 is estimated to stand at Rs 13203 crore and has been noticed to be steadily rising said the commercial survey 2017-18.
"The public debt which was Rs 9936 crore in 2015-16 has increased to Rs 11344 crore in 2016-17. It is further increased to Rs 12388 crore as per the revised estimates for 2017 and is likely to increase to Rs 13203.4 crore as per financial year 2017-18," says the commercial survey.
The Economic Survery further shows despite the fact that public debt is expanding continously, yet the debt to GSDP ratio shows a decline from 2016 onwards.
"The debt to GSDP ratio which was 25.21% in the year 2016 is expected to be 23.88% in 2018," the commercial survey says.
The document, which used to be released on Wednesday, signifies that central loans and marketplace loans form a significant portion of Goa's public debt.
"The public debt which was Rs 9936 crore in 2015-16 has increased to Rs 11344 crore in 2016-17. It is further increased to Rs 12388 crore as per the revised estimates for 2017 and is likely to increase to Rs 13203.4 crore as per financial year 2017-18," says the commercial survey.
The Economic Survery further shows despite the fact that public debt is expanding continously, yet the debt to GSDP ratio shows a decline from 2016 onwards.
"The debt to GSDP ratio which was 25.21% in the year 2016 is expected to be 23.88% in 2018," the commercial survey says.
The document, which used to be released on Wednesday, signifies that central loans and marketplace loans form a significant portion of Goa's public debt.
Goa Budget: Goa's public debt "continuously rising" stands at 13,203 crore
![Goa Budget: Goa's public debt "continuously rising" stands at 13,203 crore]()
Reviewed by Kailash
on
February 21, 2018
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