Goa’s outstanding debt touches Rs 33.9k cr, up by Rs 7.4k cr in 5 yrs
Panaji: The total outstanding debt of the state stood at Rs 33,957.99 crore as of March 2025, with Rs 7,436.87 crore added over the last five years from 2020-21 to 2024-25, Chief Minister Pramod Sawant said in a reply tabled in the Assembly on Wednesday.
The details were sought by Leader of Opposition Yuri Alemao during the ongoing Assembly session. Sawant said borrowings by state public sector companies or corporations, where the principal and or interest are serviced from the state budget or through the assignment of taxes, cess or other state revenue, stood at Rs 291.55 crore.
The outstanding loan amount of guarantees was Rs 234.25 crore.
As per the data provided, the outstanding public debt in March 2020-21 was Rs 20,729.94 crore, while other liabilities were Rs 5,791.18 crore. In March 2021-22, the outstanding public debt increased to Rs 23,271.55 crore, with other liabilities at Rs 5,846.53 crore. In March 2022-23, the outstanding public debt was Rs 24,619.91 crore and other liabilities were Rs 5,683.71 crore. In March 2023-24, the public debt rose to Rs 27,382.62 crore, while other liabilities stood at Rs 5,484.47 crore. By March 2024-25, the outstanding public debt had reached Rs 28,579.41 crore and other liabilities were Rs 5,378.58 crore.
Sawant also provided details of budgeted and actual borrowings from 2021-22 to 2025-26 up to December 2025. In 2021-22, the budgeted borrowing was Rs 3,480.20 crore, while the actual borrowing was Rs 2,665.66 crore. In 2022-23, budgeted borrowing stood at Rs 4,271.20 crore, with actual borrowing at Rs 2,575.38 crore. In 2023-24, the government had budgeted Rs 5,074.20 crore and actually borrowed Rs 4,153.26 crore. In 2024-25, the budgeted borrowing was Rs 4,215.20 crore, while actual borrowing was Rs 3,044.22 crore. For 2025-26, the budgeted borrowing is Rs 4,785.20 crore, and up
to December 2025, actual borrowing stands at Rs 2,638.71 crore.
Sawant said the loans availed by the government are utilised for capital works of the state and that borrowings over the last five years are within the permissible limits prescribed under the FRBM Act.
