Punjab in economic morass, debt trap: White Paper It said the current effective outstanding debt of Punjab stands at Rs 2.63 lakh crore, which is 45.88 per cent of the SGDP https://www.deccanherald.com/national/north-and-central/punjab-in-economic-morass-debt-trap-white-paper-1121334.html
The previous government professed of bringing fiscal prudency in management of state finances while discreetly choosing not to discharge the pending liabilities of the state government, it said. Sadly, they have also followed their predecessors and while demitting office, handed over immediate and medium-term staggering liability of Rs 24,351.29 crore... that the new government has to discharge over the coming years, said the document.