Press Esc to close
Sunday 04 December 2016
News updated at 9:10 AM IST
Weather
Max: 26.9°C
Min : 18°C
In Bengaluru
Rain lightly

'Siddu misleading people on fiscal status during previous govts'

Bangalore, July 15, 2013, DHNS:

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
South Indian actress Priyamani poses infront of a replica of Rome's Trevi Fountain...

South Indian actress Priyamani poses infront of a replica of Rome's Trevi Fountain...

People take part in boat rally in Yamuna river to spread awareness about 'Namami Gange Project...

People take part in boat rally in Yamuna river to spread awareness about 'Namami Gange Project...

Delegates of the 6th Ministerial Conference of the Heart of Asia-Istanbul Process...

Delegates of the 6th Ministerial Conference of the Heart of Asia-Istanbul Process...

Dog lovers participated at the 38th & 39th All Breed Championship Dog Shows, organized by...

Dog lovers participated at the 38th & 39th All Breed Championship Dog Shows, organized by...

People take out a rally to protest against Union Carbide and Dow Chemicals on the 32nd anniversary..

People take out a rally to protest against Union Carbide and Dow Chemicals on the 32nd anniversary..

Sitar player and composer Anoushka Shankar performs during a concert in Chennai...

Sitar player and composer Anoushka Shankar performs during a concert in Chennai...

Bollywood actor John Abraham during the launch of Nissan GT-R, in Mumbai...

Bollywood actor John Abraham during the launch of Nissan GT-R, in Mumbai...

The sunset in Kalaburgi on Friday...

The sunset in Kalaburgi on Friday...

Cricketer Yuvraj Singh and Hazel Keech during their marriage with Hindu rituals in Goa...

Cricketer Yuvraj Singh and Hazel Keech during their marriage with Hindu rituals in Goa...

Protesters throwing stones on police and CRPF amid tear smoke during a clash after Friday...

Protesters throwing stones on police and CRPF amid tear smoke during a clash after Friday...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523