Presenting except of white papers as assured by SKM govt after forming government , on Day 2 of Sikkim Budget Session 2019-20 in the Sikkim Legislative Assembly SLA , the leader of house Sikkim Chief Minister Prem Singh Tamang (Golay) informed the Speaker LB Das that the state has an outstanding loan of Rs 16,207.94 crore as on March 31 , 2019.
The loan amount turns out to be Rs 2.45 lakh on each individual of Sikkim, leader of house apprised. “When we took over from the previous government, there was an outstanding loan of Rs 16,207.94 crore as on March 31, 2019,” the he said.
Golay’s party, the Sikkim Krantikari Morcha (SKM), ousted the Sikkim Democratic Front government led by Pawan Kumar Chamling after 25 years in May 2019.
Golay said Sikkim had an outstanding loan of only Rs 214.93 crore by March 31, 1994, the year in which Chamling was elected to power for the first time, implying that his predecessor had left behind the huge financial burden on him.
CM alias Leader of House said his SKM government has inherited financial liabilities to the tune of Rs 50,604.75 crore by way of pending bills of various departments.