Outstanding Fiscal Liabilities Trend In Sikkim

Source: Haalkhabar

Gangtok, March 31: Overall fiscal liabilities of the State of Sikkim is increased by Rs 470.86 crore (21.80 per cent) from Rs 2,155.81 crore in 2008-09 to Rs 2,625.87 crore in 2009-10. As per the report of Comptroller Auditor General (CAG) of India The increase in fiscal liabilities was mainly due to increase in Internal debt (Rs 324.31 crore) and Public Accounts liabilities (Rs 164.34 crore), which was partially offset by a decrease in loans and advances form Government of India (Rs 18.48 crore). The ratio of these liabilities to Gross State Domestic Product (GSDP) increased from 83 per cent in 2008-09 to 89per cent in 2009-10.