Jammu & Kashmir’s Debt Soars to ₹1.25 Lakh Crore.
The Jammu & Kashmir government has revealed that the Union Territory’s total debt stands at a staggering ₹1,25,205 crore. The disclosure was made in a written reply by Finance Minister Omar Abdullah to Handwara MLA Sajad Gani Lone.
Breakdown of J&K’s Debt:
•State Development Loan (SDL) / RBI Loans – ₹69,894 crore
•General Provident Fund (GPF) – ₹27,901 crore
•Reserves & Deposits – ₹14,294 crore
•National Saving Small Fund (NSSF) – ₹5,758 crore
•Negotiated Loans – ₹4,032 crore
•UDAY Power Bonds – ₹2,616 crore
•Government of India Advances – ₹710 crore
Additionally, the government disclosed that total liabilities in treasuries amount to ₹5,429.49 crore as of February 27, 2025. The outstanding unpaid work bills for the Public Health Engineering (PHE) department are ₹0.24 crore as of February 25, 2025.
This massive debt burden raises concerns over J&K’s financial stability and future fiscal management.
