Shimla
Amidst financial conditions, the state government is once again going to take a loan of Rs 1500 crores. This amount of loan will be taken in 2 different heads.
In this, Rs 1000 crores will be taken as loan for a period of 15 years and Rs 500 crores for a period of 10 years. For this, the auction process will be completed on 26 August and this amount will be deposited in the government account on 28 August.
The state government will have to return Rs 1000 crore after 15 years on 28 August 2040 and Rs 500 crores after 10 years on 28 August 2035. In this way, after taking Rs 1500 crore, Himachal Pradesh will have a debt of about Rs 1,01,575 crores, that is, now the state has a debt of more than Rs 1 lakh crore, which is not a pleasant situation for the future. Due to adverse conditions, the state government has not been able to move forward on the announcement of giving 3% DA to the employees from May 15, 2025.
The state government is allowed to take a loan of Rs 7000 crore till the month of December, out of which the limit of taking a loan of about Rs 6700 crore will be completed by the end of August. After this, the government will have to manage with a loan of just Rs 300 crore. However, the state government is confident that due to natural disaster, permission will be received from the central government to take more loan. At present, the government has to settle committed liabilities of about Rs 2800 crore per month. This includes Rs 2000 crore for salary, Rs 800 crore for pension, Rs 500 crore for payment of interest on the loan taken earlier and Rs 300 crore to repay the principal amount of the total loan.
