'Over Rs 38K crore debt on government'

BHUBANESWAR: The total debt burden on the State Government has reached Rs 38,090.61 crore. To a question from Bhujbal Majhi (Cong) in the Assembly on Monday, Finance Minister Prafulla Ch

Published: 03rd April 2012 04:15 AM  |   Last Updated: 16th May 2012 07:18 PM   |  A+A-

BHUBANESWAR: The total debt burden on the State Government has reached Rs 38,090.61 crore.

To a question from Bhujbal Majhi (Cong) in the Assembly on Monday, Finance Minister Prafulla Chandra Ghadei said the loans had been taken from 11 government and non-government institutions.

The Minister said the highest amounting to Rs 13,379.22 crore had been raised from the employees provident fund (EPF).

Loans taken from different organisations include, National Small Savings Fund-

Rs  8,529.41 crore and Government of India- Rs  7,324 crore. The Government has also raised a loan of Rs  5,286.61 crore from open market.

Ghadei said the Government has been repaying loan and interest regularly since 2005-06.

LOSS-MAKING PSUs: To a question from Naba Kishore Das (Cong), the Minister said the Government had decided to privatise 27 loss-making public sector undertakings (PSUs). He said out of these, 11 had already been privatised.

The PSUs whose revival was not possible would be privatised, he said, adding that the Government started restructuring PSUs from 1995.

The Minister informed that 24 PSUs were making profit in 2009-10. Their number had now increased to 25 while two PSUs were running breakeven, he added.

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