Uttar Pradesh State Debt How much is the Debt of UP state Debt Rs. 2.2 Lakh Crore
According to state government report Uttar Pradesh's debt burden is estimated to be more than Rs. 2.2 lakh Crore in year 2012-13.
The state government has projected a debt burden of Rs. 2, 28,476.16 Crore in 2012-2013, which would be 31.4 per cent of the gross state domestic product (GSDP).
The state will be required to pay the interest of Rs. 16,617.56 Crore because of the above debt.
Population of the Uttar Pradesh is 20 Crore.
Total debt divided by total population = debt of individual
Debt burden of each individual of up will be more than Rs. 11,400
Year 2004-05 - debt burden of the state was Rs. 1, 21,126.55 Crore and fiscal deficit was Rs. 12,997 Crore
Year 2011-12 – debt burden of the state is Rs. 2, 10,404.83 Crore and
For this period now fiscal deficit is estimated around Rs. 21,570 Crore.
Now do you see government is taking more and more loans, the government is paying more and more interest on the debt?
From this you can see that government is not trying to repay the loans and make the state a debt Free State and interest Free State.
So much loan but where is the progress?
Who has become rich politicians his friends and kids or you.
If your state got the debt and you see zero progress that means your politician and your political parties are bad and not good.
If your politician is becoming rich that also means that the political party and politician both are corrupt.
Reality views by sm –
Friday, June 01, 2012
Tags – UP Debt