80 thousand crore loan on Uttarakhand , Matter of concern

80 thousand crore loan on Uttarakhand : Loan for development, but also a matter of concern

The 23rd Foundation Day of Uttarakhand is being celebrated today. On this occasion, there is a flood of congratulations to the people of the state. But meanwhile, the debt incurred by the state is a cause for concern. In 23 years, Uttarakhand has incurred a debt of Rs 80 thousand crores. This debt is more than the annual budget of Uttarakhand.

The debt on the state has been increasing since the formation of Uttarakhand. At the time of formation of the state in 2000, the debt figure of Uttarakhand was Rs 600 crore. But since then the debt on the state has increased every year. In 2023, the debt figure of the state has reached (Rs 80 thousand crores).

There are many reasons for increasing debt in Uttarakhand. One of these reasons is the geographical location of the state. Uttarakhand is a hilly state, where development of basic amenities like roads, electricity, water, health and education requires huge investment. Apart from this, the government also has to spend heavily to promote tourism in the state.

Political instability is another reason for increasing debt in Uttarakhand. 10 Chief Ministers have changed in the state in 23 years. This delays development work and also increases debt.

There are many concerns regarding the increasing debt in Uttarakhand. There is a concern that the state’s financial condition could deteriorate if the loan is not repaid. This may also affect the development of the state.

The second concern is that the state may have to raise taxes or take other measures to repay the debt. This may increase the burden on the people of the state.

Debt is a serious problem for Uttarakhand. The state government needs to take concrete steps to deal with this problem. The government should take measures to control debt. Apart from this, the government should take steps to strengthen the economic condition of the state.