By Express News Service
Published: 15th March 2016 05:08 AM
Last Updated: 15th March 2016 05:08 AM
HYDERABAD: With the state availing more loans, the per capita debt burden is also increasing. The debt burden per person is estimated to be around Rs 28,000 in Telangana.
The total outstanding debts of Telangana as per the revised estimates for 2015-16 stood at Rs 1,00,707.95 crore. As per the 2011 census, the population of Telangana is 35,003,674.
However, the statement of Fiscal Policy of the State laid in the Assembly on Monday stated that the main objective of the debt management in the state is to ensure that the financing of the budget and refinancing of the debt is done at the lowest possible cost in medium to long term, all within the prudent limits of risk.
“To promote economic development and to increase investments in lasting and productive assets, efforts will be made to supplement the resources of the State government through the additional cushion recommended by the 14th Finance Commission to less debt-stressed states. The possibilities of raising money through budgetary sources will also be explored to supplement the resources of the State for investment in capital assets. Thus, the strategy is to explore raising borrowing for productive investments within prudent limits,” the Fiscal Policy stated
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