Mizoram incurred Rs 5,114.21 crore debt, say CAG estimates

AIZAWL: Mizoram incurred Rs 5,114.21 crore as debt as per the estimates in the Finance Accounts 2012-13 report published by the Comptroller and Auditor General, state Finance Minister Lalsawta informed the legislature today.

Replying to a query of the opposition party Mizo National Front (MNF), Lalsawta said the latest figure on debt from market borrowings could not be made available as the CAG is yet to update the facts to the state government.

He said the state government availed 'ways and means advance' and 'special ways and means advance' from Reserve Bank of India (RBI) for 25 and 37 times, respectively, during 2013-2014.

Again during the current fiscal, the state government availed 'ways and means advance' 38 times and 'special ways and means advance' for 31 times from the RBI, he said.

The interests on the 'ways and means advance' and 'special ways and means advance' since 2012 till date by the state government was Rs 181.73 lakh.

The Finance Minister said that till March 5, Rs 371.39 crore was kept in the civil deposit by different departments.