Siddaramaiah accuses state government of giving wrong information on debt
Team Udayavani, May 13, 2021, 11:50 AM IST
Bengaluru: Former Chief Minister Siddaramaiah has accused the state government of giving wrong information on state debt.
In a letter addressed to CM Yediyurappa, Siddaramaiah requested the Chief Minister to stop spreading false information regarding state debt and give food and financial packages to the poor.
He further said that BJP is a factory of lies. Rather than giving packages to the poor, they are blaming me for increasing state debt. Compared to the previous government, the amount of debt during the BJP government for the period of 2008-2013 was increased up to 94.18 percent. But during our government, the debt percentage increased only by 78 percent in 2013-18. It has been a custom to borrow and settle Rs 20 to 30 thousand crores every year.
The total debt of the state for 2017-18 was only Rs 242420 crores. Now, according to official data from the state government, the amount is Rs 457899 crore. Rs 69000 crore was borrowed in 2020-21. This means that in the last four years, the state government has been borrowing more than Rs 214479 crores, he added.
Siddaramaiah said that every year Center collects over Rs 250000 crores of wealth from our state. But what we have been given this year is only Rs 50000 crores. According to the rule, we should have received Rs. 100,000 crore. The Central Government has not given us proper funds and caused the state to suffer.
The state government is involved in corruption. The commission per development project exceeds 30 percent. Only 40-50 percent is being spent on Smart city projects. Also, state-owned lands are being handed over to companies, he opined.
During the meeting held regarding state budget 2021, Chief Minister said that the state’s financial position was very good compared to the neighboring countries. But now he says that the financial status is not good and packages cannot be given to the poor. What should the people do? he questioned.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Karnataka, Gujarat lead India’s clean energy transition race: Report
NCBC slams blanket categorisation of Muslims as backward caste in Karnataka
Udupi: Healthcare, education, fisheries & tourism in focus in JP Hegde’s constituency development agenda
“Shakti effect”: Law student offers garland made of free bus tickets to CM Siddaramaiah
Wasps & bees, beetles & ants: Insect cafés in Bengaluru hope to attract ’em all
MUST WATCH
Latest Additions
Delhi HC: Manohar Parrikar Institute for Defence Studies is Instrumentality of State
Karnataka, Gujarat lead India’s clean energy transition race: Report
Diamonds hidden in noodle packets, gold valued at Rs 6.46 cr seized at Mumbai airport; 4 held
NCBC slams blanket categorisation of Muslims as backward caste in Karnataka
Only INDIA bloc govt can deliver vastly more inclusive economic growth: Cong