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H.P. budget devoid of any financial prudence
March, 15th 2017

Initiating a discussion on the State budget for the year 2017-18, the leader of the opposition in Vidhan Sabha, Prem Kumar Dhumal, on Tuesday blamed the Virbhadra government for not identifying even a single factor for resource mobilisation and depending exclusively on borrowings and central allocations.

The State, he said is dependent on central allocations to the tune of 77.45% and has plans to borrow the rest 22.55 % for meeting the expenses.

In the budget exercise no serious effort has been made for resource mobilisation and the formation of a resource mobilisation committee by government under the leadership of a senior minister sometime back was a total sham, he alleged.

The former Chief Minister while giving a detailed statistics from last year’s budget said the government is dependent on borrowings and is blatantly ignoring the warnings of Finance Commission and Union Finance Ministry on relentless borrowings and exceeding the fiscal deficit above three per cent of the GSDP.

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