The total debt of Maharashtra government is expected to be Rs 4,13,044 crore in 2017-18, the Economic Survey tabled in the state Legislature on Thursday said.

The survey said the debt stock is 16.6 per cent of the gross state domestic product (GSDP), which is well within the limit of 22.2 per cent laid down by the 14th Finance Commission. The average cost of borrowing is expected to be 8.4 per cent in 2017-18, the report said.