J&K has whopping debt of Rs 1,25,025 crore: Govt

Jammu, Mar 08: The Jammu & Kashmir Government on Saturday disclosed that the Union Territory has a whopping debt of Rs 1,25,205 crore.

In a written reply to the question of MLA Handwara Sajad Gani Lone, the minister in-charge of the Finance department, Omar Abdullah, as per KNO, disclosed that the total debt portfolio of J&K, including State Development Loan/Reserve Bank of India loan, negotiated loans, National Saving Small Fund (NSSF), Government of India Advances, Ways and Means Advance/Overdraft, General Provident Fund (GPF), Reserves and Deposits, UDAY power bonds, stands at a staggering Rs 125205 crore.

According to the Finance department’s reply, the total outstanding on account of SDL/RBI loans is Rs 69894 crore, followed by GPF with Rs 27901 crore, Rs 14294 crore in reserves and deposits, Rs 5758 crore NSSF, Rs 4032 crore in negotiated loans, Rs 2616 crore UDAY bonds, and Rs 710 crore GoI advances.

The Government also disclosed that the total outstanding liability in treasuries as of 27.02.2025 under various object heads of accounts is to the tune of Rs 5429.49 crore.
It also revealed that the total unpaid work bills of PHE are Rs 0.24 crore as of February 25, 2025.(Agencies)

  • Related Posts

    Jammu and Kashmir should go separate ways, says Shopian MLA Shabir Ahmad Kullay

    Shopian, Jan 20: MLA Shopian, Advocate Shabir Ahmad Kullay, on Tuesday said he is in full favour of Jammu and Kashmir going their separate ways, asserting that both regions should…

    Chief Minister holds pre-budget meetings, reviews priorities across departments

    Srinagar, Jan 20: The Chief Minister on Tuesday conducted a series of pre-budget meetings with various government departments to review sector-wise priorities, assess public needs, and align departmental proposals with…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    Follow by Email
    YouTube
    YouTube
    Instagram