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J&K debt stands at ₹1.25 lakh crore, says Omar
Hindustan Times Jammu
|March 09, 2025
The Jammu and Kashmir government on Saturday said its total debt stands at more than ₹1.25 lakh crore, including ₹27,900 crore in general provident fund (GPF) for the Union Territory in the last financial year.
JAMMU:
Chief minister Omar Abdullah, who also holds the finance portfolio, said in a written reply to People's Conference MLA Sajad Gani Lone that as of March 31, 2024, Jammu and Kashmir's total debt is ₹1,25,205 crore.
Lone had sought details of the overall fiscal liabilities of Jammu and Kashmir and details of amount accrued in respect of unpaid bills/liabilities of contractors with specific reference to the public health and engineering (PHE) department of Handwara division and the reasons for delay in releasing payments.
"The total debt includes ₹69,894 crore in loans from the Reserve Bank of India and state development, ₹27,901 crore in GPF, ₹14,294 crore in reserves, ₹5,758 crore in outstanding national small savings fund, ₹4,032 crore in negotiated loans, ₹2,616 crore in UDAY power loans, and ₹710 crore in Government of India advances," he said.
Abdullah said the total outstanding liability in treasuries as of February 27, 2025, under various account heads amounts to ₹5,429.49 crore.
This story is from the March 09, 2025 edition of Hindustan Times Jammu.
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