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of <h1>State Public Debt Growth Decelerates, Projected to Reach Rs 4.65 Lakh Crore by 2025-26, Maintaining Fiscal Responsibility</h1> A state finance minister reported that public debt growth has slowed, defying a previous trend of doubling every five years. The debt is expected to reach Rs 4.65 lakh crore by 2025-26, lower than projected. Borrowing is now within legal limits, with the state adhering to fiscal responsibility rules and borrowing only 2.5-2.99% of Gross State Domestic Product. The debt-to-GSDP ratio has steadily improved, falling from 38.47% to a projected 33.9% in 2024-25.
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