Per Capita Debt is Rs 21,258

Express News Service
Hyderabad, March 18:
 Though Finance Minister Anam Ramanarayana Reddy claimed that the per capita income was more than tripled in a span of nine years, the per capita debt too increased manifold.
  The debt on each person of the state as per the estimates of 2013-14 budget will be Rs 21,258 per every citizen. The total outstanding loans of the government is Rs 1,79,637.51 crore. The population of the state as per 2011 census is 8.4 crore. It means that the debt on each person is Rs 21,258.81.
 However, in his budget speech, the Finance Minister said that the per capita income was increased from Rs 25,321 in 2004 to Rs 77,277 by 2012-13. He said that it was reflecting a definite positive impact of the developmental programmes on the standard of living of the people.
 The socio-economic survey of 2012-13 presented to the Assembly on Monday stated: "interest payments against government debt had gone up from Rs 9,675 crore in 2010 to Rs 10,561 crore in 2011-12. The interest payment during 2011-12 increased by 9.15 per cent over previous year. The total outstanding debt by the end of March 2011-12 was Rs 1,35,646 crore, which comes to 20.70 per cent of the GSDP".
 However, the economic survey said that the State government was well within the limits of the outstanding debt of 27.6 per cent fixed in the APFRBM Act.

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