Shillong, Feb. 24 -- The Opposition Voice of the People Party (VPP) expressed concerns about the Meghalaya government's fiscal management, particularly its reliance on loans from the open market.

During the Assembly's general discussion on the budget, VPP MLA Ardent Miller Basaiawmoit highlighted the state's "dodgy" financial situation due to mounting debt, as reflected in the budget document.

He pointed out that loans taken from the open market and floating loans had doubled in 2024 compared to the previous year.

Basaiawmoit questioned the government's ability to repay the loans, citing a significant discrepancy between the amount borrowed (Rs 15,524 crore) and the amount repaid (Rs 2,733 crore).

He acknowledged the state's limited r...