Punjab Government Plans to Take on Rs 49,900 Crore in New Debt

The Punjab government is reportedly planning to incur new debt amounting to Rs 49,900 crore, according to recent media reports. Out of the Rs 1.02 lakh crore budget presented by the Bhagwant Mann government for 2025-26, a substantial portion will be allocated to salaries, pensions, electricity subsidies, and loan interest payments. This leaves only Rs 9,067 crore for developmental projects and other expenses.

The budget, unveiled yesterday, includes Rs 450 crore for the free bus travel scheme for women, the same allocation as the current financial year. However, the scheme’s actual expenditure exceeds Rs 750 crore, highlighting a potential shortfall.