5 days ago
Govt taking loan, spending it on luxuries, says Kamal Nath
Bhopal: Bhopal: Former CM Kamal Nath on Thursday came down heavily on the Mohan Yadav govt for applying for a fresh loan of Rs 4,500 from the Centre.
The Congress veteran alleged that the loans taken are not being used for either the youth or farmers.
He said rather it was being utilised for the purchase of "luxuries" of the BJP govt and its leaders, and the public was getting crushed under the burden of inflation day after day.
Taking to 'X', he said, "The BJP govt of Madhya Pradesh is drowning the state in a quagmire of debt. The state govt has started the process of taking a new loan of Rs 4,500 crore from the Centre." Nath argued, "With this new loan, the state will have a debt of Rs 4.3 lakh crore which is much more than its annual budget of Rs 4,21,032 crore.
MP govt has not taken any initiative to reduce wasteful expenditure and reduce the debt burden on the treasury.
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He alleged that the loans were not being utilised to provide employment, increasing the financial assistance to Ladli Behnas or for the economic welfare of the weaker sections. "Despite taking so much loan, BJP govt has not even given MSP for wheat and paddy to farmers as was promised during the elections. Moong dal farmers are protesting in the state, but moong is not even being purchased at MSP," the former CM said. "If the loan is not being used for welfare, then where is this money being spent?" he asked.
