Shivraj government which is already running in debt of lakhs of crores, has once again made preparations to take loan. This is the third time within 11 days, when the government is taking a loan. This time the Shivraj government will take a loan of Rs 3000 crore for the next 11 years. On the coming 14th February that is Valentine’s Day, the government will take loan by pledging the bonds in the Reserve Bank.
Significantly, the MP’s Shivraj government had earlier taken loans by pledging bonds in the Reserve Bank on January 31 and February 4. Shivraj government will repay this loan to RBI by the year 2034. According to the information received, the Shivraj government has so far taken a loan of more than 3 lakh crores. On which interest of more than 46 thousand crore rupees has to be paid every year.
Rs 3 lakh crore debt
Elections are going to be held in Madhya Pradesh this year, and at present the Shivraj government of MP is busy preparing a new budget for 2023. In such a situation, a budget of Rs 3 lakh crore has been kept this time. The budget session will run from 27 February to 27 March. This budget is also being considered special because the government’s eyes are on the elections to be held this year. It is worth noting that the more the government is setting the budget for this session, the more the debt is on the government. Means a loan of Rs 3 lakh crore.
Government in financial deficit
In the year 2022, the Madhya Pradesh government has suffered a financial loss of 57 thousand crores. The state is spending more than earning. To fulfill this, the government is taking a loan. Which has to be spent in various schemes. As of now, the government has to pay Rs 46 thousand crore as installment for the debt.
Also Read: OnePlus 11: Top variant with innovative features to launch in India, specs and all other details here
Keep watching our YouTube Channel ‘DNP INDIA’. Also, please subscribe and follow us on FACEBOOK, INSTAGRAM, and TWITTER