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{"id":50006,"date":"2023-10-18T11:09:12","date_gmt":"2023-10-18T05:39:12","guid":{"rendered":"https:\/\/presskitaquat.com\/english\/?p=50006"},"modified":"2023-10-18T11:09:12","modified_gmt":"2023-10-18T05:39:12","slug":"lack-of-fiscal-prudence-punjab-governor-shoots-off-letter-to-cm-bhagwant-mann","status":"publish","type":"post","link":"https:\/\/ozinews.in\/english\/lack-of-fiscal-prudence-punjab-governor-shoots-off-letter-to-cm-bhagwant-mann\/","title":{"rendered":"‘Lack of fiscal prudence’, Punjab Governor shoots off letter to CM Bhagwant Mann"},"content":{"rendered":"

Chandigarh, October 17(Press Ki Taquat)<\/strong><\/p>\n

Governor Banwarilal Purohit has told Chief Minister Bhagwant Mann that the performance of the government is causing concern on the issue of \u201cinefficient governance accentuated by lack of fiscal prudence\u201d.<\/p>\n

The Governor has sought an explanation on additional borrowing by the government, over and above what was approved by the Assembly in the Budget, as it has not been utilised for the creation of capital assets.Official sources in Raj Bhawan said the Governor had consulted officials in the office of the Comptroller and Auditor General, Punjab, before shooting off the letter as he found discrepancies in the utilisation of borrowings made by the government and the audited reports of the CAG.<\/p>\n

\u201cI am asking this question for the sake of transparency. I assure you that once such a comprehensive picture is available, we can approach the Government of India for assistance as the Prime Minister has always expressed commitment for Punjab,\u201d reads the letter, also advising the CM that all public borrowings should be carefully calibrated so that the youth are not imperiled by unsustainable debt. Borrowings should ideally be leveraged for creation of capital assets and not for rolling out populist measures, he has further said.<\/p>\n

This letter, the second one written by the Governor to the government on the issue of fiscal health of the state, says that the state is expected to follow prudent fiscal policies to manage its scarce financial resources.<\/p>\n

On September 22, the Governor had written a letter asking the state government to explain how they had raised debt of Rs 50,000 crore in the past 18 months.<\/p>\n

\n
Sources in the government have said the funds have been used for building schools of eminence, mohalla clinics and for the upgrade of district hospitals. Everyone knows that the first year in government for any political party is spent on analysing the areas where asset building is necessary. However, the AAP government not only built assets in the first year of rule, but also spent money on welfare schemes for people, including 300 units of free power to domestic consumers.<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Chandigarh, October 17(Press Ki Taquat) Governor Banwarilal Purohit has told Chief Minister Bhagwant Mann that the performance of the government is causing concern on the issue of \u201cinefficient governance accentuated by lack of fiscal prudence\u201d. The Governor has sought an explanation on additional borrowing by the government, over and above what was approved by the […]<\/p>\n","protected":false},"author":1,"featured_media":50009,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"subtitle":"","format":"standard","video":"","gallery":"","source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"1","single_blog_custom":"","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"0"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"footnotes":""},"categories":[9852,14176,1],"tags":[28719,28720,11505,28709,2322,2328,28718,28716,28717,28712,28714,28713,28710,28711,28708,3546,3548,28715,4082,1771],"class_list":["post-50006","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking","category-cover-story","category-punjab","tag-aug-31-2023","tag-august-31-2023","tag-canada","tag-canada-interest-rates","tag-canada-latest-news","tag-canada-news","tag-cbc-news","tag-cbc-the-national","tag-david-eby","tag-david-eby-interest-rates","tag-full-show","tag-hurricane-idalia","tag-hurricane-idalia-florida","tag-ian-hanomansing","tag-johannisberg-fire","tag-latest-news","tag-news","tag-the-national","tag-todays-news","tag-world-news"],"_links":{"self":[{"href":"https:\/\/ozinews.in\/english\/wp-json\/wp\/v2\/posts\/50006","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ozinews.in\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ozinews.in\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ozinews.in\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ozinews.in\/english\/wp-json\/wp\/v2\/comments?post=50006"}],"version-history":[{"count":1,"href":"https:\/\/ozinews.in\/english\/wp-json\/wp\/v2\/posts\/50006\/revisions"}],"predecessor-version":[{"id":50010,"href":"https:\/\/ozinews.in\/english\/wp-json\/wp\/v2\/posts\/50006\/revisions\/50010"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ozinews.in\/english\/wp-json\/wp\/v2\/media\/50009"}],"wp:attachment":[{"href":"https:\/\/ozinews.in\/english\/wp-json\/wp\/v2\/media?parent=50006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ozinews.in\/english\/wp-json\/wp\/v2\/categories?post=50006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ozinews.in\/english\/wp-json\/wp\/v2\/tags?post=50006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}