Team Herald
PORVORIM: Every individual in Goa is burdened with a loan liability of Rs 82,015 as on March 31, 2017.
As per information tabled on the floor of the House by Chief Minister Manohar Parrikar, the State’s total public debt stood at Rs 12,433.20 crore as on March 31, 2017, with per capita debt estimated at Rs 82,015.
The State’s borrowings through market loans, National Small Saving Funds (NSSF), loans from Externally Aided Projects (EAP) and from National Bank for Agirculture and Rural Development (NABARD) is Rs 7116 crore between 2012-13 and 2016-17.
The BJP-led government was in power during this period, first with Manohar Parrikar as Chief Minister and then under Laxmikant Parsekar.
For the last financial year, the State borrowings were Rs 1527 crore, which included 1320 crore under market loan, Rs 116 crore through NABARD and Rs 91 crore under EAP. During the year 2016-17, an amount of Rs 924.85 crore was paid towards interest payable on loans availed.
Borrowings were on the lower side compared to 2015-16, the year when government loan liabilities stood at Rs 1846 crore of which Rs 1450 crore were picked from market, Rs 165 crore under NSSF, Rs 120 crore under NABARD and Rs 111 crore as EPA loan.
For the financial year 2012-13, the State borrowings were Rs 1182 crore, which went up to Rs 1295 crore in 2013-14. Borrowings witnessed a marginal decline in 2014-15 and stood at Rs 1266 crore.
As per the available data, during the five year period from 2012 to March 31, 2017, the State’s market loans were at Rs 5410 crore. Government borrowed loan of Rs 693 crore under EAP and Rs 601 crore from NABARD. The loan from NSSF was Rs 416 crore.
