Panaji: Another round of borrowing by Sawant-led goverment?

Rupesh Samant

Daijiworld Media Network - Panaji

Panaji, Feb 15: Little before the upcoming financial year, Pramod Sawant-led government has now resorted to a fresh round of borrwing to the tune of Rs 100 crore.

Goa Forward Party has claimed that Sawant-led government has gone for a fresh borrowing, little after presenting state Budget 2020-21.

GFP vice-president Durgadas Kamat tweeted 'Govt had recently tabled 353 cr surplus budget for fiscal year 2020-21. Even before the new fiscal year could start, state goes for another 100 crore loan today. #FinancialCrunch.”

The opposition benches, during the recently held state legislative assembly session had cornerned the chief minister over extensive borrowings.

The debt of the state was estimated between Rs 19,000 to Rs 21,000 crore as per the replies on the floor of the House.

The CAG has expressed apprehensions that debt repayment can strain the Goa government’s budgets in future, and suggested that it work out a strategy to avoid a debt trap.

It had observed that 'much of the fresh debt was being used to repay earlier liabilities'.


Top Stories


Title : Panaji: Another round of borrowing by Sawant-led goverment?


You have 2000 characters left.


Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will be held responsible.

Security Validation

Enter the characters in the image