Delivering financing to blow straight back mortgage, Punjab lead getting obligations trap: CAG

Delivering financing to blow straight back mortgage, Punjab lead getting obligations trap: CAG

Establishing the new account of your own comptroller and you can auditor-general (CAG) to possess 2014-15, prominent accountant standard Jagbans Singh said Punjab’s revenue costs (non-productive) are rising because the investment cost (productive) got gradually rejected. (Karun Sharma/HT Photos)

Despite the tall says made by new Sad-BJP authorities, the principal accountant general demonstrated an enthusiastic abysmal picture of Punjab earnings while you are providing a loud and you can obvious alerting – the state is lead to have a primary obligations trap while the 1 / 2 of of your economic accountability from whopping Rs step 1.12-lakh crore has to be paid down in the next 7 years.

Initiating around three of one’s four account of your comptroller and you will auditor general (CAG) to own 2014-15, dominant accountant standard Jagbans Singh told you Punjab’s money expenses (non-productive) try on the rise because the money costs (productive) had slowly refuted. He said a large part of one’s cost is complete into the repayment and you will maintenance new significant financing, leaving very little currency to the condition to expend on advancement facts. (mais…)

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