Himachal Pradesh Financial Crisis: Himachal Pradesh became bankrupt, this happened for the first time in history
Himachal Pradesh Monetary Disaster: The Himachal Pradesh authorities is in need of cash. Its indications have been already there when the state's Chief Minister Sukhwinder Singh Sukhu urged the MLAs within the meeting to not take wage for 2 months. This has occurred for the primary time in historical past when the wage of two lakh staff and 1.5 lakh pensioners of the state didn’t attain their accounts. Earlier, the federal government used to provide wage and pension on the first. As a result of present financial disaster within the state, the federal government has come beneath pressure. It’s adversely affecting the lives of staff and pensioners.
How a lot debt does Himachal Pradesh have?
Himachal Pradesh is burdened with debt. The state presently has an enormous debt of about 94 thousand crore rupees. As a result of monetary burden, the monetary situation of the state has develop into very weak. The state authorities must take new loans to repay the outdated loans. The state authorities owes about 10 thousand crore rupees to staff and pensioners.
Why did the debt on Himachal Pradesh improve?
Congress returned to energy within the 2022 elections. Many guarantees have been made to the general public earlier than the elections, which are actually being fulfilled. The state authorities is spending recklessly on this. 40 p.c of the federal government's funds is spent solely on paying salaries and pensions. The federal government spends about 20 p.c on paying loans and curiosity.
What did CM Sukhwinder Singh Sukhu say?
Himachal Pradesh CM Sukhvinder Singh Sukhu had made a giant announcement within the monsoon session of the meeting lately. To take care of the financial state of affairs, he introduced to not take wage for the subsequent two months. On the similar time, he urged the minister and the chief parliamentary secretary to not take the advantage of wage and allowances for the subsequent 2 months. On the third day of the monsoon session, CM Sukhvinder Singh Sukhu appealed to the MLAs to voluntarily surrender their wage and allowances.
Learn Additionally: Himachal Pradesh CM Sukhwinder Singh has the very best wage, so how a lot do MLAs get
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