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Nagaland has the Second Highest Debt in the Country

  by NEWSNER , 2021-02-04 12:59:25


Nagaland has the Second Highest Debt in the Country

This was expressed by the fifteenth Finance Commission in its report named – 'Money Commission in COVID times'. 

 

Nagaland's debt/GSDP is a lot higher than the National Health Education Standards (NEHS) normal of 29.61%. 

 

In any case, Nagaland's debt/GSDP decreased from 55.5% in 2011–12 to 42.7 in 2018–19. 

 

In its report, the fifteenth Finance Commission likewise expressed that Nagaland needs to "rebuild and defend its use needs". 

 

Nagaland's capital use declined between 2011–12 and 2018–19, both as GSDP rate (from 10.3% to 5.9%) and expenditure use (20.4% to 12.8%). 

 

The fifteenth Finance Commission additionally noticed that Nagaland needs to attempt steps to cut its submitted consumption weight and make space for assets for advancement use. 

 

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The fifteenth Finance Commission likewise expressed that Nagaland needs to lessen its foundation shortage by expanding capital use and discovering substitute wellsprings of subsidizing. 

 

"The State needs to guarantee that the advantages of financial development stream down to all segments of society," the fifteenth Finance Commission report expressed. 

 

According to the Ranking in NITI Aayog's Sustainable Development Goals Index (2019), Nagaland is set nineteenth out of 29 States. 

 

The 15 Finance Commission has prescribed Total Transfers for Nagaland adding up to Rs 47812 crore under different heads.

 

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