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February 3, 2023 10:54 pm

Congress warns AAP against pushing Punjab toward bankruptcy

The Fact News Service
Chandigarh, December 7

Punjab Congress president Amarinder Singh Raja Warring today warned the Aam Aadmi Party government against pushing Punjab’s economy towards bankruptcy, beyond redemption by ill-conceived populist freebies without making any proper financial arrangements for the same.

In a statement issued here today, Warring said, under the AAP government Punjab had got the dubious distinction of having the “record” Debt to GSDP ratio at 53.3 percent, which is the highest in the country.

Instead of taking any corrective and remedial measures, the AAP government was resorting to “wanton populism” that would further bleed the economy and eventually lead to its collapse and complete financial bankruptcy, he added.

Warring questioned the sincerity of the AAP government’s intentions of actually providing any relief to people. “When you know you can’t afford something you are promising, you are only cheating people”, he told the AAP government, while adding, the way it (the government) was going on a ‘freebie-spree’, without making any financial backup plans, the economy was bound to get doomed.

The PCC president quoted the example of the Punjab State Power Corporation Limited (PSPCL), which is reeling under the heavy burden of subsidies. “In the name of Zero-Bill, AAP is pushing Punjab towards bankruptcy”, he remarked, adding, “such populist schemes never survive if these are not backed up by proper financial planning and arrangements, which AAP has failed to do”. Not only will this scheme collapse, but it will also lead to the collapse of the entire economy of the state, but he also warned.

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