Bihar's Finance Minister Denies Fund Shortage Amid Opposition Claims
Bihar has no shortage of funds, says dy CM-cum- finance minister
Hindustan Times
Image: Hindustan Times
Bihar's Deputy Chief Minister and Finance Minister Bijendra Prasad Yadav stated in the state assembly that there is no financial crisis or shortage of funds in the state. He defended the government's borrowing practices and assured that development initiatives will continue despite opposition claims of fiscal mismanagement.
- 01Bihar's Deputy Chief Minister asserts there is no fund shortage in the state.
- 02Opposition claims the state is in a financial crisis, questioning the ability to pay salaries.
- 03Yadav emphasizes that borrowing is routine and within regulatory limits.
- 04The state government is committed to ongoing development efforts.
- 05Concerns over Bihar's low per capita income and rising debt were raised by opposition leaders.
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During a recent session of the Bihar state assembly, Deputy Chief Minister and Finance Minister Bijendra Prasad Yadav addressed allegations from the opposition regarding a financial crisis in the state. He firmly stated that there is no shortage of funds and that the state is on a continuous path of development. Yadav countered claims made by the opposition leader, who suggested that the state treasury was empty and questioned how the government could fulfill salary and pension obligations. The finance minister clarified that borrowing is a standard procedure conducted within established norms and limits, facilitated by the Reserve Bank of India and other financial institutions. He reassured that Bihar would not face obstacles in its development journey. The opposition leader highlighted concerns over the state's low per capita income and increasing debt levels, emphasizing the need for accountability in government financial management.
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The Deputy Chief Minister's assurances may influence public confidence in the state's financial management and development initiatives, potentially affecting government employee morale and public services.
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