Union Finance Minister Presents ‘Political Compulsion Budget’ to Appease Allies: Sukhvinder Singh Sukhu
Terms Budget as anti-poor and non futuristic
Shimla , 23th July 2024 : While reacting to the Union Budget 2024-25 presented by Finance Minister Nirmala Sitharaman today, Chief Minister Thakur Sukhvinder Singh Sukhu said the Centre had again disappointed Himachal Pradesh by ignoring its long pending demands and the aspirations of the people of the state. he said Union Finance Minister Presents ‘Political Compulsion Budget’ to Appease Allies
Terming the budget “inequitable”, he highlighted several key areas of concern and called for immediate revisions to address the needs of the wider population of the State.
Chief Minister Criticizes Union Budget for Neglecting Key Issues
The Chief Minister said that the Union Budget has once again failed to address the pressing issues that plague our country, particularly unemployment, poverty and rising prices. Though the increase in the allocation for interest free loan to states to Rs. 1.5 lakh crore from the existing allocation of Rs. 1.3 Lakh crore is a welcome measure however the tough conditions attached to it does not favour small States like Himachal Pradesh due to cost disabilities.
He said the state had repeatedly raised its demands for financial assistance for road, air and rail connectivity but it was unfortunate that none of them had been given any attention. The budget fails to address the issue of expansion of the rail network in the State. He added that despite strong recommendations, a Special grant for the hilly state of Himachal Pradesh has also been denied.
Political Compulsion : Himachal Pradesh Seeks Rs. 9,042 Crore in Relief Amid Disappointment Over Lack of Concrete Aid
“Despite knowing that Himachal Pradesh suffered enormously during last year’s disaster, the budget offers no concrete relief package, only assurances and promises.” The Chief Minister said the Himachal government had requested the Centre to release Rs. 9,042 crore as financial assistance following a post-disaster assessment carried out by a central team.
“It is sincerely hoped that this assistance to Himachal is in addition to the PDNA claims of Rs. 9042.66 crore lying pending with the Central Government”, stated the Chief Minister.They expected that Himachal would receive direct assistance like Assam, Sikkim, and Uttarakhand. Although they announced assistance to cope with losses from last year’s monsoon, they did not mention the amount of aid the state would get, he said.
Political Compulsion Budget : anti-poor budget and not futuristic.
The Chief Minister said that the cessation of GST compensation has put Himachal Pradesh in a precarious financial position, resulting in an annual loss that our state can’t afford. “We urgently needed a special financial package, similar to those provided to Bihar and Andhra Pradesh, to mitigate this loss and support our state’s fiscal stability.” The absence of such a package in the budget is a significant setback. “It’s an anti-poor budget and not futuristic. It is a total opportunistic budget” said Sh. Sukhu.
The announcements made in the Budget up from the congress manifesto like employment linked incentives, apprenticeship scheme with allowance etc. “The Chief Minister said they picked these up from the Congress Lok Sabha manifesto.”
Budget Falls Short on Middle-Class Relief and Agricultural Support
He said that there were expectations for substantial tax reliefs for the middle class, especially in terms of income tax slabs and exemptions. However, the budget did not meet these expectations, leading to disappointment among middle-class taxpayers. He said that the budget lacked significant measures to address the ongoing issues in the agricultural sector, such as inadequate support prices and insufficient funding for modern agricultural practices and infrastructure.
Sh. Sukhu said the Modi government had tried to appease its allies due to its political compulsions and save the image of the Prime Minister, Narendra Modi. There is also no reference of measures for economic growth of the large population living under poverty and no mention of benefits or loan waivers for farmers. The budget offers no measures to reduce the import duty on apples, which would have provided much-needed relief to the apple growers of the State.
Budget Fails to Address Unemployment, Inflation, and Inequality
It fails to address the critical issues of unemployment, rising prices, and growing inequality. Himachal Pradesh, like many other states, grapples with the consequences of a budget that prioritizes the rich over the common people.It is high time for a budget that truly reflects the needs and aspirations of all citizens, ensuring equitable growth and prosperity for every section of society.” said the Chief Minister.