With nine crore people, West Bengal has a cumulative debt of Rs 5.86 lakh crores. In this regard, every resident of the state has a debt of an average of Rs 60,000.
Every state government borrows thousands of crores of rupees
for a variety of projects, including the construction of infrastructure. Apart from the federal government, this also includes any loans obtained from the World Bank or other organizations. But what if everyone becomes hopelessly indebted to the government? Certainly, the West Bengali administration is the topic at hand. With nine crore people, West Bengal has a total debt of Rs 5.86 lakh crore. In this regard, every resident of the state owes an average of Rs 60,000.
A loan of 79000 crores was proposed.
The state assembly’s budget for the fiscal year 2023–24 includes a proposal to obtain a loan from the market for Rs. 79,000 crores. The revised estimate of Rs. 75,000 crore for 2022–2023 is slightly higher than this. The state owed Rs 1.97 lakh crore when the current Trinamool Congress government took office in 2011. That is, Mamtar Banerjee’s administration saw an alarming surge in the government’s debt of more than 4 lakh crores.
Ajitabh Ray Chowdhury, an economist,
announced the implementation of the old pension plan. And expressed concern about the huge debt burden, saying that wealth is also created with such high debt. Then the debt burden on the future generation will be lessened. Let us inform you that certain states have announced plans to reinstate the previous pension system at this time. The RBI and the federal government have been issuing repeated cautions following this statement made by numerous state governments.
The states already owe millions of crores in debt.
It was stated on behalf of RBI. The choice to reinstate the previous pension plan in this circumstance is incorrect. Future generations will be saddled with debt as a result.
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