CM says Goa’s finance well in control.

The Chief Minister of Goa, Mr Digamber Kamat informed that the financial health of the state is fully under control and eventualities such as the global recession or the extra burden due to the VI pay commission would not affect the state adversely.

He expressed optimism that the burden of the sixth pay commission would not put pressure on the government exchequer although it was a little premature to assess the financial burden since the implementation had been made only a month ago. He also clarified that the government would not approach the centre for any financial assistance.

The financial implication of the VI pay commission including the arrears of two years are expected to be around Rs 700 crore which would cater to the new payment structure for around 50,000 to 55,000 in-service state government employees besides over 29,000 retired employees.