Maharashtra’s overall debt is likely to balloon to Rs 4.40 lakh crore
Geetanjali Minhas | June 14, 2017 | New Delhi
The Maharashtra government’s decision to waive its farmers loans is estimated to set back the state government by Rs30,000-Rs32,000 crore. The state’s overall debt is likely to balloon from an estimated Rs 4.13 lakh crore to Rs 4.40 lakh crore. Its fiscal deficit will also increase from the estimated 1.53% of the Gross Domestic Product (GDP).
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