Odisha’s debt burden crosses Rs 1.26 lakh crore, CM outlines fiscal strategy
Odisha's debt has significantly increased over the last decade, reaching Rs 1.26 lakh crore, prompting the state government to implement measures for curbing the debt load. Chief Minister Mohan Charan Majhi outlined strategies such as creating new revenue sources and avoiding certain borrowings. Despite the rising debt, Odisha remains within the prescribed limits of the FRBM Act.
Odisha's debt has significantly increased over the last decade, reaching Rs 1.26 lakh crore, prompting the state government to implement measures for curbing the debt load. Chief Minister Mohan Charan Majhi outlined strategies such as creating new revenue sources and avoiding certain borrowings. Despite the rising debt, Odisha remains within the prescribed limits of the FRBM Act.
