Chouhan gets a pat for fiscal management | india | Hindustan Times
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Chouhan gets a pat for fiscal management

THE BJP State executive on Thursday praised the excellent fiscal management of Shivraj Singh Chouhan-led government and said economy of the State, which was ?in a shambles? when the BJP took over reins in Madhya Pradesh, has been brought back on the tracks.

india Updated: Feb 09, 2007 16:18 IST

THE BJP State executive on Thursday praised the excellent fiscal management of Shivraj Singh Chouhan-led government and said economy of the State, which was “in a shambles” when the BJP took over reins in Madhya Pradesh, has been brought back on the tracks. 

The economic resolution adopted on the second day of BJP State executive meeting targeted the erstwhile Digvijay Singh-led Congress government for neglecting capital expenditure and infrastructure sector and said there was a capital expenditure of only Rs 6,605 crore during the year 2001 to 2004 while the Congress government availed a loan of Rs 14,930 crore during the period.

The resolution said, on the other hand, the BJP Government during three years of its rule availed a loan of Rs 14,301 crore and spent Rs 16,793 crore on capital investment. The BJP has spend more funds on capital investment than the total loan it took as against the Congress, which squandered the money just like that, said the resolution.

The planned expenditure, which was Rs 4,311 crore in 2001-02 has gone up to Rs 10,398 crore in 2006-07 according to budget estimate.

The resolution said that without imposing any fresh taxes and despite relaxation given in commercial and professional tax, the tax revenue has also more than doubled during the BJP regime than the previous Congress regime.

Giving details of provisions for infrastructure development, the resolution said that funds being spent on irrigation, road construction, power projects, education and health have taken a big leap as compared to the previous regime.

The State Government never availed overdraft or ‘Ways and Means’ method during its regime so far, farmers are being provided loan at the interest rate of seven per cent, dearness allowance for employees and pensioners was increased, road construction projects are afoot all over the State and despite lack of cooperation from the United Progressive Alliance (UPA) Government at the Centre, Madhya Pradesh has been able to transcend the ‘Bimaru’ status to be counted among the most progressive states in the country, the resolution read.