Gandhinagar, Feb 19 (PTI) Gujarat's total public debt has risen to Rs 3,99,633 crore in 2024-25 as per revised estimates, the state assembly was informed on Thursday.

This was announced by Finance Minister Kanubhai Desai during Question Hour of the ongoing Budget session in response to a written query of Congress MLA Shailesh Parmar, who sought year-wise information on the state's total debt and the amount paid towards principal and interest.

In a written reply tabled in the House, Desai said Gujarat's total public debt stood at Rs 3,52,718 crore in the financial year 2023-24, and, as per revised estimates for 2024-25, it had increased to Rs 3,99,633 crore, a rise of Rs 46,915 crore.

Desai, in his reply, said the state paid Rs 24,964 crore as interest on its debt, while Rs 26,136 crore was repaid towards the principal amount in 2023-24.

For 2024-25 (revised estimates), the government said it has paid Rs 25,945 crore towards interest and Rs 29,086 crore towards principal repayment.

The Gujarat government presented its Budget for 2026-27 on Wednesday. The total outlay stood at Rs 4.08 lakh crore. PTI PJT PD BNM

Public debt increase signals higher state debt servicing obligations under revised estimates and disclosed budget figures. Gujarat's revised estimates for 2024-25 show total public debt rising from Rs 3,52,718 crore in 2023-24 to Rs 3,99,633 crore, with interest payments and principal repayments disclosed as Rs 24,964 crore and Rs 26,136 crore for 2023-24, and Rs 25,945 crore and Rs 29,086 crore respectively for 2024-25; these figures were tabled in the state assembly alongside the 2026-27 Budget presentation.