Shimla, Sept. 4 -- Himachal Pradesh chief minister Sukhvinder Singh Sukhu tabled the Comptroller and Auditor General (CAG) report for 2024-25 in the Himachal Pradesh assembly on Thursday, with the audit body flagging the state's rapidly rising debt and declining contribution to India's GDP.

The report said Himachal Pradesh's revenue deficit had reached Rs.6,804.61 crore, or 2.94% of the Gross State Domestic Product (GSDP), while the fiscal deficit stood at Rs.12,611.05 crore, or 5.44% of GSDP. The fiscal deficit exceeded prescribed limits, leaving limited fiscal space for development and capital expenditure.

The CAG said 86% of the state's total revenue receipts was being consumed by salaries, pensions, gratuities and subsidies. Salarie...