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Madhya Pradesh Government's financial condition worsens, emphasis on adopting the financial management

Wednesday - March 20, 2019 3:47 pm , Category : WTN SPECIAL
Kamal Nath Government preparing to curb unnecessary expenses
Kamal Nath Government preparing to curb unnecessary expenses

The Government of Madhya Pradesh trying to raise revenue from the earning departments

MAR 20 (WTN) - The financial condition of the Madhya Pradesh Government is not hidden from anyone, the Kamal Nath Government, which is taking loans on loans, is also facing problems for the employees' wages. Among all this, the Madhya Pradesh Government has started preparations for the budget of the financial year 2019-20, which is being said that there would be a huge reduction in the budget of several departments, and for this, their priorities are being asked from the departmental ministers.

According to the information, Minister of Finance Tarun Bhanot has written to all the departmental miniseries, and after reviewing the ongoing schemes in their departments, the ministers have been asked to recommend the priorities of those schemes. At the same time, the departments from whom the Government receives revenue, those departments have been told to give new measures so the more revenue would be generated.

The financial condition of Madhya Pradesh is getting worse due to people's fascinating plans. According to the information, the condition of the state's treasury is that the amount of crores rupees collected from the toll tax of the municipal corporations has been stopped and due to this, the municipal corporations are not able to give the salaries to its employees. Talk to the PWD department, so the salary has not been paid here for two months.

Due to the worsening financial condition of Madhya Pradesh by day by day, the payment of many major bills has also stopped. Here, the debt over the state has increased even more than two lakh crores. In order to deal with this alarming situation and to continue the welfare schemes of departments smoothly, the Finance Department has asked all the departments to control the extravagance.

The biggest challenge for the Kamal Nath Government is promissory note, which was given to the voters of the Madhya Pradesh at the time of the assembly elections. It is the compulsion to the Kamal Nath Government to implement the promises of the promissory note till the Lok Sabha elections, so the ministers of revenue-generating departments have been told to give more measures to raise revenue so that the Government can fulfill the promises. whcih has been said in the promissory note.

The way, in which the financial situation of the state government is, It can be judged that the Kamal Nath Government of Madhya Pradesh will have full emphasis on the financial management in first full budget, which will be presented in the month of June. The budget amount will be given to the departments for the welfare activities, but preventing unnecessary expenditure will be the priority for the state government.

It is being said that after reviewing the departmental schemes, the work of commission, corporation, board, authority, committee and council will be fully reviewed so that the financial management work can be carried out there too. The way the financial condition of the state has been disturbed, it can be easily estimated that fulfilling the promises made in the promissory note, is not less than any major challenge for Chief Minister Kamal Nath.