Shimla, March 23 -- Himachal Pradesh's fiscal position is set to come under sharper strain with cumulative debt projected to touch Rs 1.12 lakh crore by the end of 2026-27, according to budget documents presented by Chief Minister Sukhvinder Singh Sukhu in the Assembly recently. The state's debt has risen steadily in recent years.
It stood at Rs 85,295 crore in 2023-24, increased to Rs 93,625 crore in 2024-25 (revised), and is estimated to reach Rs 1,03,994 crore in 2025-26 before climbing to Rs 1,12,319 crore in 2026-27. The trend highlights mounting fiscal pressure amid limited revenue growth.
Annual borrowings continue to reflect dependence on loans. The state borrowed Rs 8,644 crore in 2023-24 and Rs 8,330 crore in 2024-25, while borr...