Borrowing is not the way forward for a debt-ridden state like Punjab, says Navjot Sidhu

Tribune Web Desk

Chandigarh, November 15

PPCC chief Navjot Sidhu has said that for a stste like Punjab borrowing is not the way forward.

In a series of tweets, the Congress leader said, “Borrowing is not the way forward! Taxes should not go 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.”

Borrowing is not the way forward! Taxes should not go 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.#JittegaPunjab

— Navjot Singh Sidhu (@sherryontopp) November 15, 2021

“Today Punjab is the most indebted state in India. Debt accounts for 50% of State 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.

Today Punjab is the most indebted state in India. Debt accounts for 50% of State 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 #PunjabBeyond2022#HaqiqatPunjabDi

— Navjot Singh Sidhu (@sherryontopp) November 15, 2021

“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.”

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.

— Navjot Singh Sidhu (@sherryontopp) November 15, 2021

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