gurugram the covid19 outbreak could have a deep impact on haryanas already feeble financial health due to the lockdown the state lost rs 3000 crore in revenue collection last month and is set to lose another rs 4600 crore in aprilin a recent televised address chief minister manohar lal khattar noted that the overall expenditure to be incurred this month to mitigate the pandemic stands at rs 6200 crore but from gst to vat and direct tax to excise duty he said all levies have taken a major hit and the recovery is likely to be staggered the state government will be able to realise only rs 1600 crore against the expenditure requirement in aprilour revenue collection has dropped down due to the lockdown and limited economic activity we expected around rs 2500 crore from gst this month but well be getting only rs 1000 crore similarly over rs 1000 crore to be realised from stamp duty has been lost entirely in all well collect just rs 1600 crore against the expenditure requirement of over rs 6000 crore in april the deficit amount can be covered only by grant from the centre or else well have to borrow to fill the gaps the cm pointed outthis borrowing is in addition to this years budget estimates that have already pegged the states debt liability at rs 198 lakh crore at the end of 202021 fiscal as compared to rs 176 lakh crore as per the revised estimates for 201920 fiscal in simple terms during the tabling of the budget the government had estimated that it would need to borrow additional rs 21868 crore in this financial yearto put things in perspective in 2014 when the bjp came to power the outstanding debt for 201415 fiscal was pegged at rs 70931 crore in september last year toi had reported that the total debt has risen 115 from rs 76263 crore in 201314 to rs 164 lakh crore in 201718 the per capita liability which stood at around rs 27700 per person in 2013 has gone up to rs 63000 per person during the period the states internal debt increased by 183 from rs 48681 crore to rs 137 lakh crore this was despite the increased expenditure on paying off debtseconomists and political scientists say that the states economy which is already in choppy waters will make the navigation difficult the situation in haryana like other states is dire at the moment only 25 of production is happening and in sectors where tax collection is low overall 8085 reduction in gst collection is expected this is in addition to the sharp fall 5060 in income and corporate tax collection this could result in many businesses being pushed to the brink npas surging further and fiscal deficit shooting up said senior economist arun kumareconomists have suggested a staggered lifting of the lockdown and a survival package for smes and msmes neither concessions nor increased taxation would help the trick is to keep things