New DelhI:If the total budget of the government is Rs 100, then Rs 20 goes only to repay the loan and its interest. This is two and a half times the country’s total defense budget, 10 times the health budget and 7 times the education budget. At present, the central government has a debt of more than Rs 161 lakh crore. The debt on the center has exceeded 60% of the country’s GDP, but do you know where this debt comes from.On March 20, 2023, MP Nageshwar Rao asked a question about government debt. Finance Minister Nirmala Sitharaman said that as of 31 March 2023, the Government of India has a debt of more than Rs 155 lakh crore. In September 2023, India’s debt exceeded Rs 161 lakh crore. This means that in 6 months, the debt on the Government of India has increased by about Rs 5 lakh crore i.e. 4%.
However, according to the Business Standard report, the total debt on the country has reached Rs 205 lakh crore in September 2023. Of this, the Government of India has a debt of Rs 161 lakh crore, while the state governments have a debt of more than Rs 44 lakh crore.
When Manmohan Singh came to power in 2004, the total debt on the Indian government was Rs 17 lakh crore. By 2014, it had increased more than three times to Rs 55 lakh crore. Which has increased to 161 lakh crore by September 2023. Accordingly, in the last 9 years, the debt on the Government of India has increased by 192%. This includes both domestic and foreign loans taken by the central government.
