West Bengal Finance Minister Amit Mitra Tuesday said the TMC government has been able to increase both planned and capital expenditure despite the state facing huge debt.
"Despite facing huge debt burden we have been able to increase both planned and capital expenditure by five times and four times respectively," Mitra said during the Question Hour in the Assembly.
"We have been able to reduce the fiscal deficit and revenue deficit during our tenure," Mitra said.
The previous Left Front government has pushed the state towards a debt trap but the TMC government, through its financial discipline, has been able to bring down the fiscal and revenue deficit, he said.
West Bengal Chief Minister Mamata Banerjee, time and again, has sought loan waiver and generous central funds for state, and had accused the previous Left Front government for pushing the state towards a debt trap.
Disclaimer: No Business Standard Journalist was involved in creation of this content
