Jammu: The state`s total outstanding debt
has more than doubled to Rs 16,471 crore between 2001-02 and
2008-09, finance minister Abdul Rahim Rather said on Friday.
Rather in the assembly here gave the details of
outstanding debt of the state government and said Rs 7,414.58
crore was debt in 2001-2002 and it has surged to Rs 16,471.29
crore in 2008-09.
In 2000-01, the internal debt was Rs 3,032.29 crore said
the minister, which has now gone up to Rs 13,335.73 crore.
However, the outstanding debt has dropped significantly
from Rs 4,382.29 crore in 2000-01 to Rs 3,135 crore in 2008-
09, Rather said.
The Jammu and Kashmir government has paid Rs 11,407 crore
as interest for the period between 2000-01 and 2008-09, he
informed.
Out of this, the government has paid Rs 1,307.92 crore as
interest to Jammu and Kashmir Bank for overdrafts taken by the
state for meeting its needs.
Giving breakup, he said Rs 8,382.37 crores was the
outstanding debt in 2002-03 followed by Rs 8,903.83 crore in
2003-04, Rs 9,699.52 crores in 2004-05, Rs 11,009.87 crore in
2005-06, Rs 12,149.93 crore in 2006-07, Rs 14,226.09 crore in
2007-08 and Rs 16,471.29 crore in 2008-09.
PTI
