Salaries, interest, power subsidies eating up 98% of Punjab's revenue receipts, says report
Chandigarh, Oct. 9 -- Salaries, pensions, interest payments and power subsidies account for 98% of Punjab's revenue receipts, constraining the fiscal space for development expenditure on areas such as education and infrastructure, according to a report released on Thursday by PANJ Foundation, a Chandigarh-based policy think-tank.
The report titled "State of Punjab: Data Story of 15 Years" presents an overview of the key changes and challenges in the state's economy and finances, employment, human development, crime and drug-related issues and environment over the past 15 years.
The report, which comes just a few months before the state polls, provides a consolidated picture of how Punjab has changed, what has remained persistent and whe...
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