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Monday 25 September 2017
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Virbhadra Singh blames BJP led Govt’s faulty policy for fiscal deficit

Congress State chief Virbhadra Singh fired another salvo at BJP led Govt and accused for the state’s poor financial health. Singh alleged that due to the mismanagement by the BJP led government state’s loan liability this fiscal is likely to touch Rs.30,000 crore.

Virbhadra Singh alleged that the financial burden was a serious threat to the state’s development. He claimed that the surplus budgets of the previous Congress government of Rs.191 crore in 2006-07 and Rs.850 crore in 2007-08 turned into a revenue deficit of Rs.130 crore in the first year of the BJP rule (2008-09) and the deficit increased to Rs.519 crore in 2009-10 and Rs.1,235 crore in 2010-11.

On the other side Chief Minister Prem Kumar Dhumal of the BJP has blamed the central government and the implementation of the pay commission recommendations – raising wages of government staff – for the state’s poor finances. He linked the crunch to erroneous recommendations of the 13th Finance Commission, which deals with the share of states in central tax proceeds.



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