India, March 12 -- With the Maharashtra budget revealing an expected state debt of Rs.9.32 lakh crore for the financial year ending March 2026, each of Maharashtra's estimated 128.3 million citizens will carry a debt of Rs.72,761 on their heads, according to a report published by Samarthan, an independent organisation that analyses the state budget every year.

The report also pointed out that the state's total debt increased by Rs.1,02,768 crore last year and is expected to rise further by 92,967 crore in the next year, according to the estimations presented in the state budget announced by finance minister Ajit Pawar on Monday.

The state's debt is increasing rapidly and has doubled in the last eight years, said Rupesh Keer, a member of...