While the state’s public debt stock was estimated to touch Rs 4.13 lakh crore in 2017-18, its fiscal managers are now worried that this number will further rise. In the past 10 years, Maharashtra’s debt stock has spiralled from Rs 1.6 lakh crore in 2008-09 to Rs 3.71 lakh crore in 2016-17. Source: Government of Maharashtra Source: Government of MaharashtraThe growth in spending rose at a must faster rate than the increase in state’s revenue, admitted government sources. But Maharashtra’s debt servicing bill for 2017-18 was earlier estimated at Rs 31,027 crore, or 13 per cent of revenue receipts. Besides this, Maharashtra’s fiscal managers have set aside Rs 15,358 crore for debt repayments.

Source: Indian Express June 12, 2017 23:03 UTC