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Gujarat public debt to touch whopping Rs 4 lakh cr by 2023

According to the Gujarat government's own projections, the state public debt will touch Rs. 3.72 lakh crores by the year 2022-23. According to the state government's documents, the current status of the state's public debt for the ensuing year of 2020-21, as per the budget estimate is Rs. 2,96,268 crores. By the next year, it is projected to be Rs 3,34,989 crores. The projections are based on the rate of 13.32% growth as per the projections of the 14th Finance Commission on advanced estimates of GSDP for 2019-20. The state's public debt will be Rs. 3,71,989 crores by the year 2022-23.

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