Team Herald
PANJIM: Almost five months after the State government tabled the Economic Survey 2016-17, Congress, shaking itself off its slumber, castigated the government saying the State has seen the economy collapse under the BJP regime.
Goa Pradesh Congress Committee (GPCC) President Shantaram Naik, in a statement issued on Monday, said that the Economic Survey dissecting Goa’s finances has “indicated that the State is in a debt trap”.
Pointing out to the Economic Survey for 2016-17, which was made public in August 2017, Naik said that Goa’s public debt was estimated to hit Rs 12,018.96 crore on March 31, 2018 as against Rs 10,945.38 crore a year ago.
“The State’s debt has risen by 74.88 percent since 2012, when the State’s public debt stood at 6872.36 crore,” he said.
Naik said the State’s fiscal deficit has also shown an increasing trend under the BJP government, which has increased from Rs 1137.36 crore in 2012-13 to Rs 2001.83 crore in 2016-17 all these factors indicate that Goa is virtually in a debt trap.
