Bringing mortgage to pay back loan, Punjab on course having debt pitfall: CAG
Unveiling the fresh new account of the comptroller and you will auditor general (CAG) to have 2014-fifteen, dominant accountant general Jagbans Singh said Punjab’s revenue cost (non-productive) is actually on the rise since capital expense (productive) got gradually rejected. (Karun Sharma/HT Photo)
Regardless of the high states created by the new Sad-BJP bodies, the main accountant standard displayed an abysmal picture of Punjab cash when you’re providing a noisy and you may clear caution – the state is actually went having a major obligations trap because half of one’s economic liability from whopping Rs step 1.12-lakh crore has to be paid off next eight ages.
Launching three of your own four records of the comptroller and auditor general (CAG) for 2014-fifteen, principal accountant general Jagbans Singh said Punjab’s revenue expense (non-productive) are rising as the financing costs (productive) got gradually declined. He said a corner of your costs was over on the payment and you will servicing the brand new large loans, leaving very little currency to the condition to blow into advancement activities.
Except that the state of the new profit, this new profile released for the Monday as well as mentioned several cases of misappropriation out of financing value crores of rupees, and highlighting this new failing financial wellness of the public business tools.
The new CAG plus discover a primary mismatch between the cash borrowing limitation (CCL) sought by government when compared to the stock off grains kept by the condition procurement organizations
This new money invoices expanded at the an annual mediocre speed out-of 8.27% throughout the 2010-eleven to help you 2014-fifteen, whereas money expenditure became during the a yearly mediocre price regarding 8.34%. Continuar leyendo: “Bringing mortgage to pay back loan, Punjab on course having debt pitfall: CAG” →
Publicado el 25/3/2022 Categoría better title loans.
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