Congress warns of debt trap
Chandigarh, March 9 -- Punjab Congress leaders on Sunday launched a scathing attack on the Bhagwant Mann-led AAP government's budget, describing it as a wrap-up of lies and a desperate attempt at headline-management that ignores the state's fiscal reality.
Punjab Congress president Amarinder Singh Raja Warring and leader of the opposition Partap Singh Bajwa slammed the long-awaited announcement of a Rs.1,000 monthly stipend for women, labelling it "too little, too late". They argued that since the AAP swept the 2022 assembly elections on this guarantee, women are entitled to four years of arrears amounting to Rs.48,000 each. Warring likened the move to a "post-dated cheque" with no clear commencement date, while Bajwa questioned why the "fulfilled guarantee" took four years to materialise if the government's intent was sincere.
Both raised the alarm over Punjab's spiralling debt, which has surged from approximately Rs.2.84 lakh crore when the AAP took office to nearly Rs.4.17 lakh crore. Warring pointed out that the total debt now stands at a staggering 160% of the Rs.2.6 lakh crore budget, warning that the state is being pushed toward bankruptcy without any roadmap for recovery.
Bajwa criticised the budget for its lack of vision regarding industrial revival and employment, noting that "hollow investment claims" have failed to translate into results on the ground. He asserted that the document reflects a government obsessed with political optics rather than addressing the grim realities of crime, drugs, etc....
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