Tag: Fiscal Deficit

Congress leader Vipin Yadav has criticised the state budget, alleging inadequate focus on farmers, youth employment, healthcare, and Rajnandgaon’s development, while warning about rising debt and fiscal concerns.

The West Bengal government has announced a Rs 29,000 crore borrowing plan for the third quarter of the fiscal year to boost infrastructure, welfare, and employment generation. Finance Minister Chandrima Bhattacharya described the move as vital for sustaining growth through initiatives like rural road expansion, Kolkata metro projects, and the Lakshmir Bhandar scheme. However, with the state’s debt-to-GSDP ratio nearing 40%, critics warn of rising fiscal stress, even as Chief Minister Mamata Banerjee defends the borrowing as a necessary measure to offset central funding gaps.