 "Gujarat Finance Minister Nitin Patel.")
Gujarat state's debt has increased by 46 per cent between 2012-13 and 2016-17 to stand at Rs 2.43 trillion by the end of March 31, 2017, as per the latest Comptroller and Auditor General (CAG) report tabled in the assembly.
The debt of the state increased from Rs 1.66 trillion in the year 2012-13 to Rs 2.43 trillion in 2016-17, CAG said in its report. The interest outflow during the same period too increased from Rs 121.61 billion to over Rs 177.97 billion, with Gujarat paying Rs 745.36 billion in interest during these five years, about 16.40 per cent
