Rs 10,009 crore supplementary estimates approved

Opposition blames Government for ruining States finances due to fiscal mismanagement

 
While replying to a discussion on the appropriation bill which sought Legislative sanction for the supplementary estimates, Chief Minister Yeddyurappa said the additional expenditure included Rs 2,500 crore earmarked for rehabilitation of flood victims of North Karnataka.

Yeddyurappa said the Government had included Rs 1,000 crore for investment in power projects, Rs 200 crore for development of roads, Rs 300 crore for providing foodgrain at subsidised rates to the poor, besides Rs 677 crore for clearing the pending bills with the Public Works Department.

Yeddyurappa said the revised plan expenditure for 2009-10 is estimated to be Rs 25,967 crore. The plan size announced last year in the budget was Rs 29,000 crore.

Debt position better

The State government’s financial health and debt position was better compared to other states including Rajasthan, West Bengal, Maharashtra and Kerala.

While the State’s total debt was 26 per cent of the Gross State Domestic Product (GSDP), it was 35 per cent in Kerala, 43 per cent in Rajasthan and 42 per cent in West Bengal, Yeddyurappa said.

Unprecedented sum

Leader of the Opposition Siddaramaiah charged that the Government’s fiscal indiscipline had resulted in the supplementary estimates adding up to an unprecedented large sum with the total cash outgo touching Rs 5,131 crore.

He said only unforeseen expenditure need to be included in the supplementary estimates. However, the Government had included additional amount for payment of salaries, pensions and travelling expenses in its supplementary estimates threatening the very sanctity of the budget process, he said.

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