The Manohar lal Khattar Government in Haryana on Monday projected its debt liability at Rs 1,41,854 crore for the next fiscal 2017-18.
The Government has estimated debt liability at Rs 1.41 lakh crore for 2017-18, up by 13 per cent over the debt of Rs 1.24 lakh crore (Revised Estimates) for 2016-17.
The Punjab Government, had in its Budget presented last year, projected its outstanding debt liability of Rs 1.38 lakh crore for 2016-17.
Finance Minister Capt. Abhimanyu while talking to the mediapersons said that the debt liability is within the limits and added that we have inherited huge debt from previous Congress regime.
"Debt to GSDP ratio remained within the prescribed limit of 25 per cent. It was 16.21 per cent in 2014-15, 17.40 per cent in 2015-16 and 18.08 per cent in 2016-17 (RE), without UDAY; and 20.96 per cent in 2015-16 and 22.82 per cent in 2016-17 (RE), with UDAY. In 2017-18, it is estimated at 18.74 per cent without UDAY and 22.93 per cent with UDAY," he said.
The Finance Minister said that the State Government has adjusted loans worth Rs 25,950 crore raised by power companies and the government has saved Rs 800 crore by buying cheaper loans.
The power subsidy to the domestic consumers will continue during the next financial year. This will cost the exchequer Rs 6300 crore, he said.