J&K has whopping debt of Rs 125025 crore: J&K Govt, Bills worth Rs 5429 crore pending in treasuries

J&K has whopping debt of Rs 125025 crore: J&K Govt Bills worth Rs 5429 crore pending in treasuries

KNO Special Correspondent

Jammu, Mar 08 (KNO): The Jammu & Kashmir Government on Saturday disclosed that the Union Territory has a whopping debt of Rs 125205 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 news agency—Kashmir News Observer (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—(KNO)

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