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‘Maha’ burden: State debt rises to `4.14 lakh crore

DNMUM437887 | 6/18/2019 | Author : Sanjay Jog | WC :393 | Business & Economy

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Finance min says it is within the limit laid down by 14th Finance Commission

As per the Economic Survey for 2018-19, which was tabled by the state finance minister Sudhir Mungantiwar in the state legislature on Monday, state’s public debt rose to Rs 4.14 lakh crore in 2018-19 against Rs 4.02 lakh crore in 2017-18, while the interest payment increased to Rs 33,929 crore against Rs 33,018 crore. However, Mungantiwar said that the debt stock of Rs 4.14 lakh crore is 15.6% of the 16.7% of the gross state domestic product (GSDP) in 2017-18 which is well within the limit of 22.3% laid down by the 14th Finance Commission.
The debt stock was restricted at Rs 4.14 lakh crore, as the state government could raise debt worth Rs 11,000 crore for capital expenditure against its plan of Rs 59,000 crore.
According to
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