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Borrowing not an option for Punjab: Navjot Singh Sidhu Navjot Sidhu | Punjab
Image credit: Navjot Singh Sidhu Facebook

Borrowing not an option for Punjab: Navjot Singh Sidhu

India Blooms News Service | @indiablooms | 15 Nov 2021, 07:33 pm

Chandigarh/UNI: Punjab Congress President Navjot Singh Sidhu on Monday said that borrowing is not the way forward for a debt-ridden state like Punjab as the state's debt accounts to 50 per cent of its GDP.

In a series of tweets, Sidhu said, “Borrowing is not the way forward! Taxes should not be used to settle debt but go back to the people in the form of development.

"Solution-oriented model is to stop theft of state’s resources, fill up public exchequer and create a Welfare State through income generation.”

"Today Punjab is the most indebted state in India. Its debts account to 50% of state's GDP.

"Half of our expenditure is funded by expensive debt. Lets not derail from real issues to which every Punjabi & party worker demands solution, because there's #Punjab Beyond 2022."

"Financial Accountability and Transparency are pillars of Punjab Model. Accountability demands revealing sources of funds at every scheme announcement, whether from income or from more debt.

"Transparency demands making public state’s fiscal health every month,” the Punjab Congress chief said.