Chief Minister Sukhwinder Singh Sukhu
Shimla: Citing the “dire financial situation” of the state, Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu on Thursday announced that he, his ministers, chief parliamentary secretaries and chairmen and vice-chairmen of boards and corporations will not take their salaries and allowances for two months. The chief minister made the announcement in the Assembly and urged other members of the House to follow suit. He said the government was making efforts to increase its revenue and reduce unproductive expenditure but it would take some time to see results.
Himachal is facing a huge shortfall in revenue
CM Sukhu said that due to the discontinuation of GST compensation after June 2022, the state is facing a huge loss in revenue. Due to this, the state is facing a loss of Rs 2500-3000 crore annually. Due to the restoration of the old pension scheme, the state’s borrowing capacity has also come down by about Rs 2000 crore. Explaining these challenges, CM Sukhu said that it will not be easy to get out of the current economic crisis.
CM expressed concern
Expressing concern over the poor financial condition of the state, Sukhu said the Revenue Deficit Grant (RDG) for the year 2023-24 was Rs 8,058 crore, which has been reduced by Rs 1,800 crore to Rs 6,258 crore during the current financial year. “The revenue deficit grant will be reduced by Rs 3,000 crore to just Rs 3,257 crore in 2025-26, making it even more difficult for us to meet our needs,” he said.
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