India, March 8 -- The Jammu and Kashmir government on Saturday said its total debt stands at more than Rs.1.25 lakh crore, including Rs.27,900 crore in general provident fund (GPF) for the Union Territory in the last financial year.

Chief minister Omar Abdullah, who also holds the finance portfolio, said in a written reply to People's Conference MLA Sajad Gani Lone that as of March 31, 2024, Jammu and Kashmir's total debt is Rs.1,25,205 crore.

Lone had sought details of the overall fiscal liabilities of Jammu and Kashmir and details of amount accrued in respect of unpaid bills/liabilities of contractors with specific reference to the public health and engineering (PHE) department of Handwara division and the reasons for delay in releasi...