Himachal Pradesh's loan liability is Rs 49,745 crore, confirms CM Jai Ram Thakur

Himachal Pradesh's loan liability stood at Rs 49,745 crore, Chief Minister Jai Ram Thakur said on Wednesday.

In this fiscal, the state had borrowed Rs 1,838.75 crore till January 15, he said in a written reply in the state Assembly.

He said, in the current fiscal, the Central had fixed Rs 4,524 crore as the limit for borrowings.

Replying to a question of Leader of Opposition Mukesh Agnihotri, Thakur said the loan limit is 3 per cent of the gross state domestic product.

The state has not impressed upon the Central government for a financial bailout package, he added.

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In his Budget speech on Saturday, Thakur said out of every Rs 100 to be spent by the government, Rs 27.84 will be spent on salaries, Rs 15 on pension, Rs 10.25 on interest payment, Rs 7.35 on loan repayment and the remaining Rs 39.56 will be spent on development works and other activities.

Tourism as well as horticulture and hydropower generation are major contributors to Himachal Pradesh's economic development.