2015-2024: 78 Special Purpose Vehicles, Rs 33.6 Billion Debt

Since 2015, the establishment of 78 Special Purpose Vehicles (SPVs) has raised significant concerns about financial accountability. According to the government leader, of these SPVs, 69 are state-run companies while 9 are special funds. By the close of December 2024, these entities have amassed a staggering debt of Rs 33.6 billion.

As the figures loom large, questions sparked about the long-term implications of such financial burdens on the nation.

The scale of this debt not only raised eyebrows but also stirs a sense of urgency regarding transparency and governance in the management of public resources.

How will these obligations affect future generations, and what measures are being taken to ensure responsible stewardship of public funds?

Source: l’Express