House panel concerned over rise in State debts

PANJIM, JULY 26
A legislative panel has expressed serious concern over the increasing debts of the state.
The Adhoc committee on Finance, headed by Calangute Legislator Agnelo Fernandes has suggested that the State needs to implement new measures to increase the State’s revenue.
“The committee is of the opinion that though the government is succeeded in implementing the recommendations of the 6th Pay Commission to the employees, it has come at a high price,” the report tabled in the House has said.
The committee is of further opinion that most of the government departments have not followed any austerity measures which resulted in reckless expenditure by the departments, which increase the liabilities for which there are no other alternatives before the government than to borrow money from open market.
“The committee feels that the government should implement new measures to increase its revenue in order to reduce the debt burden of the state,” it says adding “…however the government has failed completely in implementing the various revenue earning schemes like professional tax etc which have been declared in the budget, but have only remained on paper.”
The committee has urged the government that they should be serious about the high rate of debt which is increasing day by day failing which it may lead Goa to debt trap state.