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Hauling up the Jammu and Kashmir Government for its growing debt pile, the Comptroller and Auditor General of India (CAG) says the State's fiscal liabilities increased 18 per cent to Rs 28,735 crore in 2009-10.
“The overall fiscal liabilities of J&K have increased from Rs 23,287 crore in 2008-09 to Rs 28,735 crore in 2009-10,” said the CAG report for the year ended March 31, 2010. The CAG report, which was tabled in the Jammu and Kashmir Legislative Assembly, expressed concern over the State debt and said, “Fiscal liabilities of the State have increased 18.31 per cent during 2009-10 over the previous year.”
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