Congress Calls for Transparency on Punjab's Financial Crisis
Congress leaders seek white paper on Punjab’s debt, finances
Hindustan Times
Image: Hindustan Times
Senior Congress leaders in Punjab, Sukhjinder Singh Randhawa and Balwinder Singh Dhaliwal, are demanding a white paper on the state's debt and financial condition. They accuse the Aam Aadmi Party government of poor financial management, warning that Punjab is heading towards an economic crisis with debts approaching ₹4.5 lakh crore (approximately $540 million USD).
- 01Congress leaders demand a white paper on Punjab's debt and finances.
- 02Punjab's debt is nearing ₹4.5 lakh crore (approximately $540 million USD).
- 03The Aam Aadmi Party government is accused of poor financial planning.
- 04Congress warns of potential economic crisis if current borrowing trends continue.
- 05Average debt per person in Punjab exceeds ₹1.25 lakh (approximately $1,500 USD).
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In Chandigarh, senior Congress leaders, including former deputy chief minister Sukhjinder Singh Randhawa and MLA Balwinder Singh Dhaliwal, have called for a white paper addressing Punjab's escalating debt and financial situation. They criticized the Aam Aadmi Party (AAP) government for its economic policies, highlighting that the state raised nearly ₹9,500 crore (approximately $1.15 billion USD) in loans within three months. Randhawa expressed concern over the government's plan to borrow about ₹40,000 crore (approximately $4.8 billion USD) in the fiscal year 2026-27, warning that this could lead Punjab into an economic crisis. He emphasized that the average debt per person in Punjab has surpassed ₹1.25 lakh (approximately $1,500 USD), a burden that is expected to grow. Dhaliwal echoed these concerns, stating that Punjab's debt is nearing ₹4.5 lakh crore (approximately $540 million USD) and questioned the fiscal management under the current government. Both leaders stressed the need for responsible governance and sustainable financial planning, indicating that they may escalate the issue to court and Parliament if necessary.
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The rising debt levels in Punjab may lead to increased financial burdens on residents, affecting their economic stability and future prospects.
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