Covid-hit govt has Rs 70k cr deficit in 2020-21

The financial shock of the pandemic has left its mark on the budget. The debt projection of Rs 6.15 lakh crore for 2021-22 is 2.7 times the figure in 2011. Interest payments alone will amount to Rs 42,998 crore annually. One third of the debt or 2.1 lakh crore, are expenses on salaries and pensions of state employees.

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