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Punjab emerged as top three states in revenue growth under the AAP administration, claims...

Punjab has emerged as one of the top three states in India for revenue growth under the Aam Aadmi Party (AAP) government, according to Finance Minister Harpal Singh Cheema. The state has also managed to reduce its debt-to-GSDP ratio by four percentage points over the past four years, showcasing significant fiscal improvements and structural reforms.

Punjab emerged as top three states in revenue growth under the AAP administration, claims...

Credit: Dailyexcelsior

Key Highlights

  • Punjab ranks among the top three states in India for revenue growth under AAP.
  • The state's own tax revenue increased from Rs 37,327 crore to Rs 57,919 crore from 2021-22 to 2024-25.
  • Debt-to-GSDP ratio decreased by four percentage points in four years.
  • Outstanding debt was Rs 3 lakh crore when AAP took power in 2022.
  • 85% of borrowed funds were used to service old debt.
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Sources

  1. In 4 years of AAP govt, debt-to-GSDP ratio down 4%, says Harpal Singh Cheema
  2. Punjab emerged as top three states in revenue growth under the AAP administration, claims...

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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