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.
