Srinagar, Mar 8 (KNS):The Jammu & Kashmir government has disclosed that the Union Territory's debt has surged to an alarming Rs 125,205 crore.
In response to a query by MLA Handwara, Sajad Gani Lone, Finance Minister Omar Abdullah detailed the state’s financial obligations, including loans from the Reserve Bank of India, state development loans, and various government advances.
The breakdown of the debt reveals Rs 69,894 crore in State Development Loans (SDL) and RBI loans, Rs 27,901 crore in General Provident Fund liabilities, and Rs 14,294 crore in reserves and deposits.Click Here To Follow Our WhatsApp ChannelOther financial commitments include Rs 5,758 crore in National Saving Small Funds and Rs 4,032 crore in negotiated loans.
In addition to the growing debt, the government revealed that bills worth Rs 5,429.49 crore remain pending in the treasuries as of February 27, 2025. Furthermore, unpaid work bills in the Public Health Engineering (PHE) department have accumulated to Rs 0.24 crore. (KNS)