Assam govt’s outstanding debt rises 107 per cent in 5 years from FY’19: CAG

Assam’s government debt more than doubled between 2018-19 and 2022-23, increasing by 107.34 percent. A CAG report noted decreased capital expenditure and rising outstanding liabilities, outpacing GSDP growth. Revenue expenditure, including salaries, pensions, and interest payments, rose steadily. Public debt now constitutes a significant proportion of total borrowing, raising concerns about future interest payments.