HP govt takes gross loans of Rs 5,677 cr from Jan 1 to Jul end this year

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Photo used for indicative purpose only. Courtesy : Internet
Shimla, Sep 17
Himachal Pradesh Government has informed the state Assembly that it has taken gross loan tunes to Rs 5,677 cr from Jan 1 this year till Jul 31 and loan repaid tunes to Rs 2,724. The state made it clear that during this period the state has received or has due share account of state compensation in the GST tune to Rs 4,105 cr.
This was stated by Chief Minister Jai Ram Thakur, who also holds the portfolio of finance while replying to a written query of Congress members Asha Kumari and Rajinder Rana during the question hour the other day.
CM said that in the financial year 2019-20 [Jan to March] the government took a net loan of Rs 3,387 cr against the  5,067 cr gross loans state repaid Rs 1,680 cr. The state’s net loan was minus Rs 434 cr in financial year 2020-21 from (Apr 1 to Jul 31) as against gross loans of Rs 610 cr state repaid the Rs 1044 cr.
Chief Minister said that from Jan 1, 2020 to Jul 31 this year state government took net loan of Rs 2,953 cr as against gross loan of Rs 5,677 cr taken by the state it repaid Rs 2,724 cr.
Apart from above, debt liabilities on account of GPF etc also accrues to the State Government in Public Account which is maintained by the Accountant General of the State. Since the accounts for the financial year 2019-20 are not finalized by the AG as yet, so the information is not available, he added.
Replying to another query about GST compensation, CM said the state received a sum of Rs.2477 Cr and no amount is pending for financial year 2019-20.  Thakur said that in the FY 2020-21, till July 31 this year Rs 2,335 cr were projected and state GST collection is Rs 707 cr and compensation of Rs 1,628 cr was due .

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