Shimla: Opposition Congress in Himachal Vidhan Sabha today slammed the BJP government for pushing the state into a debt trap through rampant borrowings.
"The total debt of the hill state has reached a whopping Rs 27,000 crore and it’s rising because of rampant borrowings by the BJP government," state Congress president and MLA Thakur Kaul Singh said in the assembly while speaking on the budget presented in the House for 2010-11.
The state’s debt has risen by Rs 4,070 crore in past two years of BJP rule, Thakur said and assailed the BJP government for failing to initiate any austerity measure to cut wasteful expenditures.
“While the state was headed towards a financial disaster, the BJP government was busy buying expensive Toyota cars for its ministers and officers” he added.
Kaul Singh said in the proposed budget for next financial year, 23 per cent would come by way of borrowing to fund the Rs 3,000 crore in the annual budget. Out of every Rs. 100 spent, Rs 15 goes for interests on loans and Rs 8 for loan repayment. The debt trap would lead to the state becoming financial bankrupt, he added.