WHITE PAPER WAR: CLAIMS & COUNTERCLAIMS

FISCAL PRUDENCE & FINANCIAL MANAGEMENT

GOVERNMENT

Budgets not prepared realistically. Estimates on receipt side exaggerated. Expenditure postponed and receipts fast-forwarded, leaving huge unpaid liabilities

AKALI DAL

Constantly endeavoured to bring the state’s borrowings under control and successfully achieved this unenviable task by reducing the annual budget deficit

GROSS STATE DOMESTIC PRODUCT

Average growth at 6.7% from 2006-07 to 2015-16 lower than all-India average. Bihar, Haryana, Gujarat, Maharashtra, MP have higher growth As compared to increase of 54% during the Congress rule from 2002 to 2007, it showed massive jump of 257% in the last 10 years

STATE’S OWN TAX REVENUE

State’s OTR as a share of total revenue declined from 77.34% in 2006-07 to 68.50% in 2016-17, indicating a perceptible decline in its ability to raise resources internally Due to rapid economic growth and better financial management, OTR receipts and GSDP saw a massive jump, increasing from ,9,017 crore in 2006-07 to ,30,547 crore in 2016-17

DEBT

State in grip of a debt trap. By government books, outstanding debt was ,1.48-lakh crore. In reality, it is far higher at ,1.87 lakh crore, if deferred liabilities and CCL gap are reckoned The govt figures — that show debt increased from ,51,010 cr to ,1.83-lakh cr in 2007-2017 — hide much more than they reveal. The 2007 figure doesn’t include Powercom loan and food account dues