Every resident of Uttar Pradesh has a debt of Rs13,949 on its head as the debt burden of the State Government is expected to reach Rs2,93,200.43 crores by the next fiscal. The personnel debt of each citizen was around Rs12,655 in the 2014-15 when the total debt on the State was around Rs2,65,770.78 crores. Thus within a year, each citizen’s debt rose by Rs1,294.
With a population of 210 million, the State’s debt burden, has, however, came down to 27.5 per cent of the Gross State Domestic product (GSDP) in 2015-16 which was 27.8 per cent in 2014-15. Chief Minister Akhilesh Yadav expressed concern over the debt but assured that it was under control since the Samajwadi Party Government came to power in 2012.