Press Esc to close
Friday 22 September 2017
News updated at 2:29 AM IST

'Siddu misleading people on fiscal status during previous govts'

Bangalore, July 15, 2013, DHNS: 0:22 IST
Leader of the Opposition in the Assembly H D Kumaraswamy on Monday accused Chief Minister Siddaramaiah of misleading the State legislature and the people by repeatedly stating that the financial position of the State had deteriorated during the tenures of the JD(S)-BJP and the BJP governments.

Participating in discussions on the budget proposals for 2013-14 in the Assembly, Kumaraswamy pointed out that Siddaramaiah had passed caustic remarks against the previous governments in his budget speech, blaming them for high market borrowings and failure to increase revenue, which had resulted in stunted economic growth. The chief minister had made similar statements at various public forums, Kumaraswamy said.

However, the Medium Term Fiscal Plan 2013-17, tabled along with the budget in the legislature painted a different picture indicating that the JD(S)-BJP government (2006-07) and the BJP government (2008-13) had maintained good financial discipline.

“Your statement in the budget is contradictory to the figures mentioned in the Medium Term Fiscal Plan. Who should the people believe? It is unfortunate that you are misleading the people and this House. You should clarify,” Kumaraswamy said.

Both the previous dispensations had met all the parameters stipulated by the Karnataka Fiscal Responsibility Act, Kumaraswamy said. These include maintaining fiscal deficit within three per cent of the Gross State Domestic Product (GSDP), total liability within 25.2 per cent of the GSDP and total outstanding guarantee within 80 per cent of the total outstanding receipts.

Kumaraswamy said while Siddaramaiah had blamed the previous governments of going in for high market borrowing, the chief minister had proposed to borrow Rs 17,000 crore this fiscal, the highest ever by any government.

Go to Top

Photo Gallery
Vehicles wade through a flooded road after heavy rains in Thane district of Maharashtra on...

Vehicles wade through a flooded road after heavy rains in Thane district of Maharashtra on...

Real Madrid's Cristiano Ronaldo closes his eyes during Spanish the La Liga soccer match between...

Real Madrid's Cristiano Ronaldo closes his eyes during Spanish the La Liga soccer match between...

A woman covers herself with a plastic bag as she makes her way to work as Hurricane Maria...

A woman covers herself with a plastic bag as she makes her way to work as Hurricane Maria...

An artisan applies finishing touches on an idol of the Hindu goddess Durga, before it is...

An artisan applies finishing touches on an idol of the Hindu goddess Durga, before it is...

Bollywood actress Nidhhi Agerwal showcases a creation by designer Rajat K Tangri during the...

Bollywood actress Nidhhi Agerwal showcases a creation by designer Rajat K Tangri during the...

People pushing a car at a waterlogged road after heavy rains in Varanasi on Thursday...

People pushing a car at a waterlogged road after heavy rains in Varanasi on Thursday...

Policemen guard outside former chief minister S M Krishna's son in-law Siddartha's corporate ...

Policemen guard outside former chief minister S M Krishna's son in-law Siddartha's corporate ...

Indian players celebrate the dismissal of Australia's David Warner...

Indian players celebrate the dismissal of Australia's David Warner...

Actor Kamal Haasan with Aam Aadmi Party (AAP) chief and Delhi Chief Minister Arvind Kejriwal...

Actor Kamal Haasan with Aam Aadmi Party (AAP) chief and Delhi Chief Minister Arvind Kejriwal...

A man is rescued from a collapsed building in the Condesa neighborhood of Mexico City after an...

A man is rescued from a collapsed building in the Condesa neighborhood of Mexico City after an...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.