Odisha's Total Debt Rises To Rs 97,823 Crore By Sept 2020

Bhubaneswar: The cumulative debt stock of the Odisha government increased to Rs 97,823 crore till the end of September 2020 which is 16.4% of the gross state domestic product (GSDP), Finance Minister Niranjan Pujari said on Friday. While presenting a Supplementary Budget of Rs 11,200 crore for the financial year 2020-21 on the first day […]

Finance Minister Niranjan Pujari

Bhubaneswar: The cumulative debt stock of the Odisha government increased to Rs 97,823 crore till the end of September 2020 which is 16.4% of the gross state domestic product (GSDP), Finance Minister Niranjan Pujari said on Friday.

While presenting a Supplementary Budget of Rs 11,200 crore for the financial year 2020-21 on the first day of the winter session of the State Assembly, Pujari said the total revenue receipt has declined by about 6.5% mainly due to shortfall in central transfer during the first half of the current financial year.  He added that the State’s own revenue has shown a moderate growth of 1.7% in spite of the impact of the pandemic during the period.