The newly sworn-in BJP-led government in Assam, headed by Chief Minister Himanta Biswa Sarma, is preparing to raise another Rs 750 crore in public borrowing on May 26, 2026, the state finance department has notified. The loan, to be secured against government bonds, will carry an annual interest rate of 7.62 percent, adding roughly Rs 57.15 crore a year in interest obligations for the state.
The planned borrowing comes just two weeks after the government’s initial post-swearing-in debt move: on May 12, 2026, the administration reportedly raised Rs 1,000 crore the same day it took office. Together, these two large issuances mark an aggressive start to the new government’s fiscal operations within its first month.
Officials say the Rs 750 crore issue is part of a broader set of financing measures the government has adopted since the election. Critics and opposition voices, however, warn that the pace and scale of short-term borrowing are worrying. They contend that repeatedly relying on market loans and bond-backed borrowing without a clear plan to raise sustainable revenue undermines fiscal discipline.
Year to date, the BJP-led state government’s total borrowing is said to amount to Rs 11,800 crore. Over the five-year span of the NDA administration, Assam’s overall debt has reportedly crossed the Rs 2 lakh crore threshold. Commentators argue that such levels of indebtedness increase the state’s interest burden and leave less fiscal space for capital spending or contingency needs.
Supporters of the government frame the borrowings as necessary to finance development projects and immediate public needs during the transition. Detractors counter that frequent large issuances so early in the term raise questions about long-term revenue strategy and the sustainability of the state’s finances. The coming weeks will test whether the administration can pair its borrowing with measures to boost revenue and maintain fiscal stability.
Original Source: https://assam.nenow.in/assam-is-sinking-into-a-sea-of-debt-himanta-biswa-sarmas-government-is-again-in-debt-of-rs-750-crore-after-taking-oath/
Category: অসম,শীর্ষ সংবাদ
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Publish Date: 2026-05-23 15:29:00
