Former Karnataka Chief Minister Siddaramaiah on Monday challenged the Bharatiya Janata Party (BJP) for an open debate over allegations that Congress burdened the state with liabilities during its term.
"Bharatiya Janata Party has accused our government of burdening our people with liabilities. If they are confident of their claims, I challenge them to come for an open debate about the fiscal performance of our government. Let them decide the place and time, and I will come. It is also my duty to clarify to the people of Karnataka with facts and figures and put an end to BJP's false claims," Siddaramaiah said.
"Current borrowings under BJP increased by 212 per cent between 2008-09 and 2012-13 and under Congress, it increased only by 65 per cent. Total debt under BJP increased by 94.18 per cent between 2008-09 to 2012-13 and under Congress, it increased only by 78.14 per cent," he added.
He said that budget estimated current year borrowings for 2020-21 is Rs 53,000 crore and the government is additionally borrowing Rs 33,000 crore. "The burden of Rs 12,000 crore GST shortfall will also fall on the state," the Congress leader said.
"BJP leaders should first understand the Fiscal Responsibility and Budget Management (FRBM) Act. Total debt should be under 25 per cent of GSDP. Our government had maintained the total debt well within the limits during the entire term. Now, total debt under BJP will exceed 33 per cent of GSDP," he added.
The former chief minister further said that the fiscal deficit should be under 3 per cent of GSDP as per the FRBM act and he had maintained it within limits throughout his term.
"BJP is increasing the fiscal deficit from three to five per cent and this is a dangerous attempt. I suggest to increase only to 3.5 per cent to maintain fiscal discipline," he said.
( With inputs from ANI )
Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor