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Odisha's debt burden to touch Rs 76,744.12 crore by end of

Press Trust of India  |  Bhubaneswar 

Odisha's debt burden was Rs 66,656.56 crore in October, 2017 and is estimated to touch Rs Rs 76,744.12 crore by the end of 2017-18 fiscal, state Minister S B Behera told the Assembly today.

Behera said this while replying to a question. He said the loan is being incurred for capital expenditure on infrastructural projects.


The minister said the state's loan burden was Rs 38,666.24 crore, Rs 37,730.04 crore and Rs 27,801 crore in 2014, 2010 and 2003 respectively.

Behera said while the state has incurred loan of Rs 20,059.45 crore from provident fund, it got credit of Rs 46,597.11 crore from other sources like the of India, National Small Savings Fund, Open Market, NABARD, LIC, GIC, National Cooperative Development Corporation and

Official sources said the state has taken loan worth Rs 5,500 crore from open market during the current financial year.

"The debt burden of the state is around 16 per cent of the gross state domestic product. It is well below the permissible limit of 25 per cent," Secretary T K Pandey said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, December 04 2017. 19:35 IST
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