Bhopal
The Mohan government of Madhya Pradesh has a loan of more than Rs 4.21 lakh crore as the end of the financial year i.e. 31 March 2025. In the financial year 2025-26, the government will once again take a loan from the Reserve Bank of India in the month of May. On May 6, a loan of two and a half thousand crore rupees will be taken for 12 years. It will be used to promote economic activities in addition to speeding up development projects.
Total debt on MP increased to 4.21 lakh crores
Earlier, in the financial year ended March 31, the government had taken a total loan of Rs 57 thousand crore, due to which the total debt on Madhya Pradesh increased to Rs 4.21 lakh crore. Explain that loans are being taken by citing development works and promotion of economic activities.
State government has taken a loan of 27 thousand crores in 3 months
In the first 3 months of 2025, the government has taken 27 thousand crore loans. Now by taking a loan of 5000 crores, the loan figure taken this year will be 32000 crores. The new debt will be taken for a period of 12 years.
Dearness allowance of 7.30 lakh MPs of MP increased
Recently, the Mohan government has given a gift to 7.30 lakh officers of Madhya Pradesh. In fact, the Mohan government of the state has announced to give 5% dearness allowance to the employees. After which DA has increased from 50% to 55%. CM Mohan Yadan has announced that this increase will be implemented in two installments-3% from July 2024 and 2% additional dearness allowance has been sanctioned from 1 January 2025.
Government will pay 29 thousand crore interest on debt in a year
Also tell that, in the year 2025-26, the government will spend about 29 thousand crore rupees only to pay interest. This is much higher than the amount spent in any one scheme.
Congress bid- BJP is making debt to MP
On the other hand, on the other hand, the officials of Madhya Pradesh Congress say that the BJP government is trying to make MPs a loan. The amount that has been taken so far has not been seen being used in public interest. This is the reason that, the government is repeatedly demanded to issue a white paper to clarify the economic situation.
Debt so far taken under the purview of FRBM Act
All the debt taken by the government so far has been under the Fiscal Responsibility and Budget Management (FRBM) Act. According to the rules, the loan limit is fixed and it is monitored. In the year 2025-26, the government will spend about 29 thousand crore rupees only in interest payment. This amount is more than any one major development scheme and will maintain heavy pressure on the government’s budget.
Increased allowance to employees
The government has recently announced 55 percent dearness allowance to state employees as the center. This decision has been taken after nine years, but this has increased the fiscal burden. According to finance experts, the loan interest rate is relatively low at the beginning of the new financial year. For this reason, most of the state governments complete the borrowing process in the initial quarter itself.
