Punjab's debt burden burgeons amid populism, freebies
Punjab's debt burden is staggering as the state now reportedly owes ₹3,82,935 crore, with projections indicating it will reach nearly ₹4,17,136 crore by the end of 2025-26. Close to 40 percent of the government's revenue is spent entirely on interest payments. It is also heavily burdened by its promise of 300 units of free power to all domestic consumers.