GUWAHATI, Dec 3: Assam Jatiya Parishad (AJP) on Wednesday criticised the Himanta Biswa Sarma-led government over “deepening financial crisis” and “historic failure” in implementing the Jal Jeevan Mission (JJM), as revealed in the latest Comptroller and Auditor General (CAG) report.
Addressing mediapersons in Morigaon, AJP president Lurinjyoti Gogoi said the CAG has “exposed the truth” that Assam’s economic condition has sharply deteriorated despite the government’s tall claims of progress.
According to the report, state revenues have almost stagnated, rising by only two percent, while the revenue-to-GSDP ratio declined from 18.74 percent to 16.05 percent, signalling weakening fiscal strength.
Gogoi said only 37.23 percent of Assam’s revenue comes from its own resources, with 62.77 percent dependent on central transfers and grants, which have fallen by 25.72 percent over the last five years.
The AJP leader pointed out that spending in the socio-economic sector has reduced by 7.52 percent, reflecting the government’s slowdown in developmental work.
The party expressed alarm at the rapid growth of state debt—rising from 20.83 percent to 25.77 percent of GSDP — and the continuation of primary deficits for the last five years, implying that even essential expenditure is being financed through borrowings.
Quoting the CAG, Gogoi said Assam’s mounting debt is “a dangerous trend, not a sign of economic progress”.
Loan uptake increased by 55.69 percent this year, while debt repayment obligations surged by 181.62 percent, raising concerns that this burden will ultimately fall on the public through higher taxes and prices.
As per projections, Assam’s total debt is expected to reach Rs 200.16 lakh crore by the end of March 2026. IMF figures cited by the party show a steady rise in annual debt repayment obligations from 2020–21 to November 2025.
Citing the CAG report, the AJP leader asserted that Assam was moving towards decline owing to poor revenue performance, excessive dependence on the Centre, reduced developmental spending and dangerous levels of debt accumulation. The report describes the current scenario as one of “financial stress”.
