PANJIM: The State’s public debt as on March 31, 2015 stood at Rs 10,836.15 cr, while on March 31 for the year 2009 it was just Rs 5,623.03 cr. The Economic Survey has observed that debt has been continuously increasing.
The survey says Central loans and SLR form a major part of the public debt which together accounts for around 94 percent of the total public debt.
“It is also observed that the quantum of both central loans as well as SLR is showing an increase from 2009 to 2016, but the percentage share of central loans in the total public debt shows a downward move from 63.04 percent (2009) which declined to 36.99 percent in 2016. Loans from NABARD show an upward trend accounting for 5 percent of the total public debt during 2016 (Est),” the report says.
NSDP drops by 9 percent
Ironically, the Net State Domestic Product (NSDP) at current prices for the year 2014-15 (quick estimates) has also seen a drop of around 9 percent.
“The NSDP at current prices for the year 2014-15 (Q) stood at Rs 44,814.86 cr as against 42,563.82 cr in 2013-14 (P) indicating a growth of 5.29 percent during the year as compared to growth of 14.93 percent in 2013-14.
NSPD is defined as a measure, in monetary terms, of the volume of all goods and services produced within the boundaries of the State during a given period of time after deducting the depreciation from the GSDP.
