Huge increase in Gujarat's public debt : over Rs 60,000 crore in just two years - Vibes Of India

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Huge increase in Gujarat’s public debt : over Rs 60,000 crore in just two years

| Updated: September 28, 2021 15:20

The assembly commenced the function on the second and final day of the monsoon session with Question Hour. In the figures provided by the government today, the latest figure of  public debt of the Gujarat government is revealed. Gujarat’s public debt has crossed Rs 3 lakh crore figure. In the year 2020-21, there is an increase in the debt by Rs 33,864 crore. It is worth mentioning that in the last two years alone, there has been a sharp increase of over Rs 60,000 crore.

The government had provided the figures in response to a question on Gujarat’s debt from the opposition party Congress’ MLA Niranjan Patel.

On the last day of the session, the CAG report criticizing the functioning of the Rupani government was presented in the House in form of CD in place of a book. According to the report, the state government has acknowledged a debt of Rs 3,00,959 crore in the financial year 2020-21. Debt has increased to Rs 26,791 crore in 2019-20 and Rs 33,864 crore in 2020-21.

It should be noted here that the debt of Gujarat government is increasing by leaps and bounds. At the end of March 31, 2021, the public debt of the government was Rs. 3,00,959 crore. At the end of 2021-22 and 2022-23, this public debt was Rs. 3,27,124 crore and Rs. 3,71,989 crore respectively.  Meanwhile, it has come to light that the government’s revenue has remained the same during the Corona period.

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