The Ministry of Finance has launched the information for the primary 6 months of the present monetary yr. In line with the doc, 64 % of the finances was spent on debt compensation. 402 billion rupees had been spent on curiosity funds.
Excessive rates of interest are the principle motive for the rise in debt compensation prices. Throughout the first 6 months of the final monetary yr, 260 billion rupees had been spent on curiosity funds.
In comparison with the identical interval of the earlier monetary yr, throughout this era of the present monetary yr, 65% extra quantity was paid for compensation of loans.
Within the present fiscal yr, 730 billion rupees have been put aside for debt and curiosity funds. 58% of the finances is allotted for debt and curiosity funds. 80% of home and worldwide debt is spent on curiosity funds.