Breaking News
Nagaland Post Logo
You are here:  Skip Navigation LinksHome » Show story
Financial mismanagement for Tripura crisis
Published on 21 Nov. 2010 11:21 PM IST
Print  Text Size

The Opposition has blamed fiscal mismanagement for financial crisis in Tripura while demanding a probe into the implementation of the Central government projects.
Leader of the Opposition Ratan Lal Nath said the situation had led to such a stage that the state government was in the process to seek overdraft, what the Left Front had done in 1993, reports UNI. As on March 2009 Tripuras loan burden was Rs 4612.43 crore and this year they have taken IT further to Rs 598.96 crore, which was an all time record, he said adding, “I have not included in it the massive fund flow that comes under various Centrally sponsored schemes.’’ The loan also entails a huge daily interest of Rs 1.47 crore and if the principal was added then the amount will touch Rs 2 crore plus. At present, per capita loan burden would be around Rs 19,500, Nath pointed out.
“Mismanagement could very well be gauged from the fact that every year the state government failed to spend the budget allocated money,’’ he alleged.
In 2007-08, the budget size was Rs 4,438 crore, but that year the unspent amount was Rs 650 crore. Next year the budget was of Rs 5,284 crore and unspent amount was Rs 660 crore. During 2009-10, the budget size was pegged at Rs 6,555 crore showing an unspent amount of Rs 260 crore, he said.
Finance Minister Badal Choudhury, however, put the blame entirely on the Centres negative attitude in extending financial help to the state government and also its dilly dallying in releasing the funds, including MGNREGA.

Comments:(0) Login or Register to post your Comment
(Available for registered users only)
More News
  • 1
  • 2