Lok Sabha Question No. 4615 (UNSTARRED), answered on 2019-07-22
Subject: Debt Burden of States
Ministry: FINANCE
Asked by: Asit Kumar Mal

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF EXPENDITURE

## LOK SABHA UNSTARRED QUESTION NO. 4615

TO BE ANSWERED ON MONDAY, THE 22 nd  July, 2019/ Ashada 31, 1941 (SAKA)

## DEBT BURDEN OF STATES

## 4615.   SHRI ASIT KUMAR MAL:

Will the Minister of FINANCE be pleased to State:

- a) whether some States in India have been debt burdened due to various reasons;
- b) if so, the names of States which have become debt burdened; and
- c) the amounts of debt of these States, both Principal and Interest?

## ANSWER

## MINISTER OF STATE IN THE MINISTRY OF FINANCE ( SHRI ANURAG SINGH THAKUR )

(a to c) Fourteenth Finance Commission (FFC) for its award period 2015-20 has observed at para 14.49 of its Report that 'the aggregate debt and deficit indicators of all States are well within the target threshold suggested by the Thirteenth Finance Commission. However, there are variations among States in fiscal consolidation when the debt sustainability is measured on  a  multiple  indicator  approach  like  debt  as  percentage  of  Gross  State  Domestic  Product (GSDP) and interest payment relative to revenue receipts'. Hence, FFC has not identified any State as debt burdened State.

However, as gleaned from State' Finance Accounts published by Comptroller and Auditor General of India (CAG), State-wise details of outstanding debt (both principal and interest) at the end of March of 2017 are given in Annex .

State-wise details of Outstanding Debt (As at the end of March of 2017)

| State             | Amount (Rs. in crore)   |
|-------------------|-------------------------|
| Andhra Pradesh    | 2,01,314                |
| Arunachal Pradesh | 5,625                   |
| Assam             | 43,981                  |
| Bihar             | 1,38,722                |
| Chhattisgarh      | 43,431                  |
| Goa               | 16,900                  |
| Gujarat           | 2,43,146                |
| Haryana           | 1,46,371                |
| Himachal Pradesh  | 47,244                  |
| Jammu &Kashmir    | 62,207                  |
| Jharkhand         | 66,827                  |
| Karnataka         | 2,11,071                |
| Kerala            | 1,89,769                |
| Madhya Pradesh    | 1,55,139                |
| Maharashtra       | 3,95,858                |
| Manipur           | 8,808                   |
| Meghalaya         | 8,984                   |
| Mizoram           | 6,725                   |
| Nagaland          | 9,557                   |
| Odisha            | 71,623                  |
| Punjab            | 1,82,526                |
| Rajasthan         | 2,55,002                |
| Sikkim            | 4,671                   |
| Tamil Nadu        | 2,83,394                |
| Telangana         | 1,34,738                |
| Tripura           | 11,259                  |
| Uttar Pradesh     | 4,14,455                |
| Uttarakhand       | 44,583                  |
| West Bengal       | 3,37,682                |
| Total             | 37,41,612               |

Source: Statement No. 6 of respective State's Finance Accounts published by CAG.