Public debt in Gujarat is on the rise, with constant increase observed over the past eight years.

According to the Finance Department, public debt for 2024 stands at ₹3,77,962 crore and is estimated to reach ₹4,26,380 crore by the end of the 2024-25 financial year.

The Gujarat government claims that the fixed percentage of debt is 27% of the budget, of which only 15% should be utilised as loans. However, public debt has surpassed the allocated budget in recent financial years.

The current budget for the Gujarat government stands at ₹3,32,465 crore, while the public debt is reported at ₹3,77,000 crore.

Public debts include market loans, bonds, loan advances, loans from financial institutions, and National Small Savings Fund (NSSF) loans. Notably, the share of Central government loans has decreased from 11.87% to 3.90%, while the share of market loans has significantly increased.

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