Bhubaneswar: Odisha’s total debt remains under control, with the debt-to-GSDP (Gross State Domestic Product) ratio at 12.72% and the interest burden at just 2.87%, Chief Minister Mohan Charan Majhi informed the state assembly on Monday.
CM Majhi stated that these figures are well within the limits prescribed under the Fiscal Responsibility and Budget Management (FRBM) Act, 2005.
Responding to a question from Jharsuguda MLA Tankadhar Tripathy, CM Majhi said the principal outstanding of the state stands at Rs 26,978 crore, which is comparatively lower than that of many other states.
“Our debt position reflects prudent fiscal management and provides the state with the space to undertake developmental projects and welfare schemes without straining finances,” he added.
According to government data, Odisha’s total debt as of the end of October in the current financial year 2025-26 is Rs 1,26,799 crore. The state’s borrowings from various sources include Government of India loans of Rs 2,301.43 crore, Open Market Borrowings of Rs 7,000 crore, NABARD loans of Rs 824.36 crore, OMBADC loans of Rs 2,170 crore, and CAMPA funds of Rs 2,430 crore, bringing the total borrowings to Rs 14,725.79 crore.
CM Majhi highlighted that Odisha’s low interest payment-to-revenue ratio of 2.87% ensures that a minimal portion of revenue is used for servicing debt, leaving more funds for infrastructure development, social welfare schemes, and other public initiatives.
“The state continues to maintain a disciplined fiscal policy, keeping both debt levels and interest payments under check, which positions Odisha well for future growth,” the Chief Minister said.
