Borrowing are within the limits: CM

PORVORIM: Chief Minister Pramod Sawant on Tuesday told the House that the State borrowings for the current financial year are within the limit and the same has been utilized for infrastructure works. 

However, the opposition Goa Forward Party (GFP) MLA Jayesh Salgaocar, referring to the answer tabled on the Floor of the House, pointed out that only 60 per cent of the total borrowings are spent as capital expenditure, while there is no record of balance 40 per cent. 

In a written reply to Salgaocar, Chief Minister  said that the total borrowings for this year so far have been Rs 2148.85cr, while the total capital expenditure during the similar period is only Rs 1288.91 crore. 

“CM should answer what about the balance Rs 859.94cr,” the MLA added. 

Sawant, however, said that the entire borrowings are utilized only for capital expenditure.