The Aam Aadmi Party government in Punjab borrowed over Rs 47,000 crore in its one-and-a half years tenure and spent Rs 48,530 crore, including a mammoth amount of Rs 27,016 crore that went into repaying interest on debts that were inherited, informed Punjab CM Bhagwant Mann
Citing financial prudence and optimum utilisation of state resources, Punjab Chief Minister Bhagwant Mann on Tuesday furnished complete details of every single penny spent by the government in past 18 months to Governor Banwarilal Purohit.In a .
With legacy debt of ₹2.82 lakh crore at the end of the financial year 2021-22, which is projected to touch to ₹3.47 lakh crore in FY-2024, Punjab is among the most indebted states in the country.
The Punjab government had to tackle a legacy debt of Rs 27,016 crore, Punjab CM Bhagwant Mann informed Governor Banwarilal Purohit. He also urged him to take up the pending Rural Development Fund (RDF) issue with Prime Minister Narendra Modi.
57% of loans AAP govt raised used on repaying interest on earlier loans, Bhagwant Mann tells governor tribuneindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneindia.com Daily Mail and Mail on Sunday newspapers.