Odisha

Odisha Govt’s Public Debt Up, Capital Expenditure Down In 2019-20 Fiscal: CAG

Bhubaneswar: The total public debt and other liabilities of the Odisha government have gone up to Rs 1,26,084 crore by the end of 2019-20 financial year, according to the CAG report tabled in the Assembly on Thursday.

The report of the Comptroller and Auditor General (CAG) of India stated that the public debt of the state government went up to Rs 68,438 crore in 2019-20 financial year from Rs 58,2534 crore in the previous fiscal.
Of the total public debt in 2019-20 fiscal, the internal debt was Rs 60,595 crore while loans and advances from the Centre were Rs 7,843 crore. The public debt stood at Rs 33,757 crore in 2015-16 fiscal.
The CAG also pointed out poor capital expenditure of Rs 25,586 crore during the year which brought down the investment in vital sectors like irrigation, rural development, power infra, roads and bridges. The annual growth of capital expenditure has dropped from 52% to minus 13% in 2019-20.
The report stated that the expenditure on salaries, pensions and interest payments now account for 40 per cent of the total revenue receipts of the government.
OB Bureau
Share
Published by
OB Bureau

Recent Posts

Why Modi’s Trip To Mauritius Is Crucial

Port Louis/New Delhi: Prime Minister Narendra Modi landed at Port Louis, the capital city of… Read More

29 minutes ago

40 Held, Prohibitory Orders Clamped In Odisha Village After Violent Clash Leaves 7 Critical

Berhampur: At least seven persons were critically injured in a violent clash between residents of… Read More

39 minutes ago

Fear Of Recession In US? Here’s How Indian Market Reacts In Early Trade Today

Mumbai: Following a sharp decline in US markets overnight, the Sensex fell nearly 400 points,… Read More

1 hour ago

Hostel Asst Manager Suspended, Cook & Attendant Sacked Over Attack On Students In Odisha’s Rayagada

Rayagada: A cook and an attendant of a government-run hostel in Odisha’s Rayagada district were… Read More

1 hour ago

Latest Odisha Breaking News Updates | Tuesday, 11 March 2025

Stay ahead with Odisha Bytes Breaking News - your ultimate source for the fastest, most… Read More

6 hours ago

Hina Khan Gets Emotional As She Talks About Boyfriend Rocky Jaiswal

Mumbai: Popular television actress Hina Khan, a stage 3 breast cancer survivor, got emotional recently… Read More

14 hours ago