Every person bears a debt of Rs 8966 in MP
2010-03-09 [17:48:12 hrs] | | The government of Madhya Pradesh reportedly has a debt of Rs 54,111 crore as on March 31, 2009, which means Rs 8,966 per person in the state according to the 2001 census, Madhya Pradesh Finance Minister Raghavji said in the Assembly.
Replying to Congress’s Ram Niwas Rawat, Raghavji said that till March 31, 2004, the state government had a debt of Rs 34,109 crore, while it is Rs 54,111 crore as on March 31, 2009.
According to the 2001 census, the population of the state was 6,03,48,000 which means every citizen of the state carries an average loan of Rs 8,911, the minister said.
He said that as per the Budget estimates for the year 2009-10, the amount of debt repayment will be Rs 3,604.81 crore and interest on it will be Rs 4,794.10 crore which is 7.21 per cent and 9.59 per cent respectively of the total budget.
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