Shimla, March 31 -- Comptroller and Auditor General (CAG) report, tabled by chief minister Sukhvinder Singh Sukhu for the financial year 2024-25 pointed out that state's total debt and liabilities crossed the Rs.1 lakh crore mark for the first time.

Emphasising on the urgent need for stronger monitoring systems, timely compliance, and reforms to ensure financial discipline and effective governance in the state, the report reveals that the overall liabilities of the state stood at Rs.1,04,410 crore as on March 31, 2025, a significant increase from Rs.96,522 crore in the previous financial year, underscoring a steep rise in the debt burden.

It further reflected that public debt alone accounted for Rs.75,554 crore, up from Rs.70,369 crore ...