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LOP Bajwa slams Punjab govt over state’s fragile fiscal health

Partap Singh Bajwa Sunday criticised the Bhagwant Mann-led Punjab government for its failure to revive the financial health of Punjab and escalating the debt burden on the state

Published on: Nov 20, 2022, 20:05:57 IST
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Leader of Opposition (LoP) Partap Singh Bajwa on Sunday criticised the Bhagwant Mann-led Punjab government for its failure to revive the financial health of Punjab and escalating the debt burden on the state.

The Congress leader made this statement as the AAP government in Punjab had planned to borrow  ₹14,700 crore in the third quarter. (HT file photo)
The Congress leader made this statement as the AAP government in Punjab had planned to borrow ₹14,700 crore in the third quarter. (HT file photo)

Bajwa said that instead of strengthening the economic condition of the state as promised by CM Bhagwant Mann and Delhi CM and AAP Supremo Arvind Kejriwal before the assembly elections in February 2022, they had made the state’s economy so fragile that the government has been begging for funds every now and then to smoothen the functioning of essential activities in the state.

The Congress leader made this statement as the AAP government in Punjab had planned to borrow 14,700 crore in the third quarter (October to December) of the financial year 2022-23. It is also worth mentioning here that the World Bank’s Board of Executive Directors in September this year already approved a loan of USD 150 million (approximately 1,200 crore) to Punjab to help the state better manage its financial resources and improve access to public services.

 
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