State’s public debt soars to Rs 87,063 crore

Published: 25th July 2012 12:16 PM  |   Last Updated: 25th July 2012 12:16 PM   |  A+A-

Kerala might be God’s own country, but God apparently has little to do with the state’s finances. Each person in Kerala owes `26,067, with the state’s public debt amounting to a whopping `87,063.83 crore, Finance Minister K M Mani informed the Assembly on Tuesday.

  The Finance Minister gave details about the per capita and public debt while replying to a question by K S Saleekha of the CPM.

  At the end of March 2011, at the fag end of the LDF rule, public debt had stood at `78,673.24 crore.

 After the UDF Government came to power, the state had availed of  `6453.31 crore by way of loans, he said.

Of this, the government had asked for ` 2,924 crore to be written off.

 Replying to another question, Mani said that Revenue arrears amounted to `4,962 crore.

The Forest Department owed Rs 185.04 crore, Stationery Department ` 12.83 crore, the Police Department, `82.42 crore and the Factories and Boilers Department `1.06 crore.

Stay up to date on all the latest Thiruvananthapuram news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp