Home / Mumbai / Mumbai News / Article / State debt nearly triples in decade; Maharashtra govt promises stability

State debt nearly triples in decade; Maharashtra govt promises stability

Mahayuti government cites infrastructure and welfare spending as key reasons for increase; Opposition leaders express concern about ‘fiscal indiscipline’

Listen to this article :
Chief Minister Devendra Fadnavis with Deputy CMs Ajit Pawar and Eknath Shinde, before the presentation of the budget on Monday. Pic/X/@Dev_Fadnavis

Chief Minister Devendra Fadnavis with Deputy CMs Ajit Pawar and Eknath Shinde, before the presentation of the budget on Monday. Pic/X/@Dev_Fadnavis

In a decade, from 2015-16 to 2025-26 the state’s debt stock has surged from Rs 3.24 lakh crore to Rs 9.32 lakh crore. But, the Mahayuti government has exhibited confidence in meeting the rising obligation and has attributed swelling of obligation to welfare schemes and massive investments in infrastructure and development work which are mandatory for the state’s growth.

A day after the Maharashtra government presented its budget, speaking on the same in the state legislative assembly on Tuesday, Chhagan Bhujbal said, “Total interest payment on loan amounts to Rs 64,659 crore.”

Trending Stories

Latest Photoscta-pos

Latest VideosView All

Latest Web StoriesView All

Mid-Day FastView All

Advertisement