In a full-blown attack at the Opposition, the state government talked about the nearly empty coffers, diversion of funds, drop in state's economic growth, non-payment of arrears to employees etc during the 10 year rule of the Akalis.
Meanwhile, the opposition SAD-BJP described the state government's white paper as "white lies". They also went on to present their own 20-page "genuine white paper".
On the fourth day of the session, state Finance Minister Manpreet Singh Badal tabled the white paper.
The white paper further pointed out that to meet the expenditure in implementing Atta Dal Scheme, funds were arranged by state procuring agencies at their own level by diverting funds from cash credit limit provided for procurement of wheat and paddy. The unpaid liabilities of Rs 1,747 crore were still outstanding as on March 31, 2017, it said.
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On economic growth during the previous regime, the white paper said the growth rate of the state remained lower than the all-India average except for the year 2013-14.
The present Congress government also tabled another white paper on governance, highlighting major failures of the state by identifying gaps in governance in select departments, including rural development, housing and urban development, local government, industries and commerce, transport and food and civil supplies.
Former finance minister Parminder Singh Dhindsa presented SAD's "genuine white paper" which portrayed the "actual situation" of the state finances from 2002-2017.
"This is the genuine white paper," he declared.
Later talking to media, SAD president Sukhbir Badal hit out at the Congress government for producing "white lies" in the white paper.
Rubbishing the white paper of the Congress government, Sukhbir said it was during their 10-year regime that the total tax revenue of the state grew to Rs 30,000 crore as against Rs 9,000 crore left by in 2006-07.
As the SAD legislators agitated, state minister Navjot Singh Sidhu launched a stinging attack on them, saying they were claiming their paper to be a super white paper, "but this is a chitta (chitta means white and is also used to refer to drugs in Punjab) paper, which destroyed youth".
Heated exchange of words ensued between Sidhu and SAD lawmakers. There was also a verbal duel between Sidhu and Majithia.
SAD members then decided to stage a walkout from the House, but Speaker adjourned the House for 30 minutes.