State chief minister Neiphiu Rio, who also holds the finance portfolio, stated that the closing deficit of the State as on March 31, 2012 was budgeted at Rs.685.52 crore but according to the Latest Estimates(LE), it has been revised at   Rs.760.52 crore. He said the latest figure was on account of non-mobilisation of Open Market Borrowing of Rs.75 crore on March 29, 2012 after the Budget was  passed in the House and intimation to this effect received from Reserve Bank of India.

Rio made the statement in response to a starred question by Congress members S.I.Jamir and Joshua Sumi on the last day of the twelfth session of the 11th NLA Saturday.

On the opening deficit of the State as on  April 1, 2012 for the year 2012-13, the chief minister,   informed that in view of the above, the opening deficit of the State as on  April 1, 2012 stood at Rs.760.52 crore (LE).

Rio also informed that the total amount kept in civil deposit as on  April 1, 2012 was Rs.509.59 crore out of which Rs.46.72 crore pertained to 2010-11 and Rs.462.87 crore to 2011-12. The amount kept in civil deposit as on  September 15, 2012 was Rs.209.71 crore.

Asked how many times had the state gone into overdraft since April 1,2012,   the chief minister replied the state had gone into overdraft on four occasions   for a total period of 15 days. He said it took place twice in April for a total period of 10 days, once in July for four days and once in August for a day.

On whether such deficit will have impact on the budget of 2012-13, he asserted that   with proper regulation of cash outflow, it will not impact the budget for 2012-13 and that the full budget will be implemented.

To another starred question raised by Congress member H.Chuba,  on the total loan taken from various financial institutions, the chief minister replied that from 2008 till  August 31, 2012, the state government had taken a total loan of Rs.654.63 crore from various financial institutions.

The loan amount were from financial institutions such as NABARD (Rs.203.85 Crore);  HUDCO (Rs.328.61 Crore); REC (Rs.88.51 crore); GIC (Rs.2.50 crore);  PFC (7.35 crore) and NCDC(Rs.23.81 crore). The chief minister informed that the loan patterns were fully followed during time of obtaining the loans.
(See Table)