Daijiworld Media Network- Mumbai
Mumbai, Mar 11: Maharashtra’s debt burden is expected to surge to an all-time high of ?9,32,242 crore by the financial year 2025-26, according to official projections.
The rising debt stock has raised concerns among economic experts and opposition leaders, who warn of fiscal challenges ahead. However, the state government has defended its financial policies, stating that the borrowings are essential for infrastructure development and welfare schemes.
Officials maintain that despite the increasing debt, Maharashtra’s economy remains resilient, with efforts underway to boost revenue generation and maintain fiscal discipline. Meanwhile, opposition parties have criticized the government, demanding greater transparency and accountability in managing public finances.