Previous government in Himachal blamed for financial mess

SHIMLA-Facing criticism from the main opposition BJP, the Congress government in Himachal Pradesh Thursday said :
“The BJP government had left the state in a precarious financial condition due to the mismanagement of finances. The enhanced pay structure was released by the BJP government just before the assembly elections, causing an annual burden of over Rs.1,000 crore on the government. Had Himachal got an equal treatment comparable with overall increase of 126 percent for the country as a whole, it would have received an additional fund transfer of Rs.10,725 Crore between 2010 and 2015.
The situation has become alarmingly grim during the last two years of the award period of the 13th Finance Commission as the non-plan revenue deficit grant during 2013-14 has declined to Rs.1,313 crore from Rs.1,883 crore in 2012-13 and has reduced to Rs.406 crore in 2014-15.”
As on March, 2008, the state had a loan liability of Rs.21,241 crore which has increased to Rs.28,707 crore March 2013. Thus loan liability has increased by Rs.7,466 crore from 2008 to 2013, Sharma said. In fact, loan amounting to Rs.1,838 crore was converted into guarantee in 2009-10. Thus the actual loan taken from 2008 to 2013 was Rs.9,304 crore, whereas the loan liability increased only by Rs 8,032 crore from 2003 to 2008.~IANS

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