{"id":35335,"date":"2026-02-18T13:46:06","date_gmt":"2026-02-18T13:46:06","guid":{"rendered":"https:\/\/jammubulletin.com\/site\/?p=35335"},"modified":"2026-02-18T13:46:18","modified_gmt":"2026-02-18T13:46:18","slug":"jks-debt-at-rs-1-37-lakh-cr-for-fy25-to-be-offset-by-increased-gsdp-cm-omar-abdullah","status":"publish","type":"post","link":"https:\/\/jammubulletin.com\/site\/jks-debt-at-rs-1-37-lakh-cr-for-fy25-to-be-offset-by-increased-gsdp-cm-omar-abdullah\/","title":{"rendered":"J&K\u2019s Debt At Rs 1.37 Lakh Cr For FY25 To Be Offset By Increased GSDP: CM Omar Abdullah"},"content":{"rendered":"

Jammu, Feb 18: Jammu and Kashmir\u2019s total debt in the financial year 2024-25 is estimated at Rs 1,37,067 crore, 48 per cent of the Union Territory\u2019s GDP, which has expanded significantly to Rs 2,88,422 crore, Chief Minister Omar Abdullah said on Wednesday.
\nDefending his government\u2019s fiscal management strategy, Abdullah said that the increase in the gross state domestic product (GSDP) has helped in reducing the debt-to-GSDP ratio to 48 per cent in the current fiscal from 51 per cent a year ago.
\nIn a written reply to the assembly, the chief minister detailed the trend of the Union Territory\u2019s debt-to-GSDP ratio for the past six years.
\nIn 2019-20, liabilities stood at Rs 89,037 crore, which was 54 per cent of that year\u2019s GSDP of Rs 1,64,103 crore.
\nLiabilities increased to Rs 98,244 crore in 2020-21, with the debt-to-GSDP ratio rising to 59 per cent, largely due to economic contraction during Covid pandemic, he said.
\nIn 2021-22, liabilities rose to Rs 1,06,753 crore, but the debt-to-GSDP ratio declined to 53 per cent as economic recovery gained momentum, he said.
\nA year later in 2022-23, liabilities stood at Rs 1,09,825 crore, and the ratio further declined to 48 per cent, the chief minister said, adding, \u201cIn 2023-24, liabilities increased to Rs 1,25,205 crore, with the ratio at 51 per cent.\u201d Abdullah said that in the current fiscal year, liabilities are projected at Rs 1,37,067 crore, while GSDP has expanded significantly to Rs 2,88,422 crore, again bringing the debt-to-GSDP ratio down to 48 per cent.
\nThe chief minister highlighted that fiscal sustainability has improved over the years, with economic growth helping to moderate the impact of rising debt on the Union Territory.
\nAbdullah further said that his government has ensured that borrowings are not directed towards unproductive expenditure.
\n\u201cA substantial portion of funds has been channelled into capital expenditure, infrastructure development, power sector reforms and asset creation, strengthening long-term growth potential,\u201d he said.
\nCapital outlays during the period under review, the chief minister said, consistently supported roads, power infrastructure, health facilities and other productive sectors.
\nHe also asserted that borrowings were kept within the prescribed limits of the Fiscal Responsibility and Budget Management (FRBM) framework, with an emphasis on calibrated market borrowings, improved cash management and prioritisation of development-linked spending.
\n\u201cThe concern that rising internal debt has occurred without commensurate creation of productive assets is not established by the data,\u201d Abdullah said, adding, \u201cThe improving debt-to-GSDP ratio and sustained capital investment clearly indicate responsible fiscal management.\u201d<\/p>\n

\"J&K\u2019s
J&K\u2019s Debt At Rs 1.37 Lakh Cr For FY25 To Be Offset By Increased GSDP: CM Omar Abdullah<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"

Jammu, Feb 18: Jammu and Kashmir\u2019s total debt in the financial year 2024-25 is estimated at Rs 1,37,067 crore, 48 per cent of the Union Territory\u2019s GDP, which has expanded significantly to Rs 2,88,422 crore, Chief Minister Omar Abdullah said on Wednesday. Defending his government\u2019s fiscal management strategy, Abdullah said that the increase in the […]<\/p>\n","protected":false},"author":2,"featured_media":35336,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[15,89,54],"tags":[],"class_list":["post-35335","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-jammu-and-kashmir","category-national","category-political"],"gutentor_comment":0,"yoast_head":"\nJ&K\u2019s Debt At Rs 1.37 Lakh Cr For FY25 To Be Offset By Increased<\/title>\n<meta name=\"description\" content=\"Jammu and Kashmir\u2019s total debt in the financial year 2024-25 is estimated at Rs 1,37,067 crore, 48 per cent of the Union Territory\u2019s GDP\" \/>\n<meta name=\"robots\" content=\"index, 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