This is real Sabka Saath, Sabka Vikas: CM’s dig at Modi

Chief Minister Siddaramaiah took potshots at the BJP after presenting the last budget of the Congress government ahead of the elections, boasting about Karnatakas economic growth and fiscal health.

“They say our government is debt-ridden, that weve borrowed too many loans. It is a baseless, politically motivated and misleading allegation,” Siddaramaiah told reporters.

Loan borrowings should not exceed 25% of the Gross State Domestic Product (GSDP) as per the Karnataka Fiscal Responsibility Act. “For 2017-18, our loans were 18.49% of the GSDP, whereas for 2018-19, our loans are projected at 20.36% of the GSDP. We are well within limits,” he said, adding that it was necessary to borrow loans to develop and create assets. He added that Karnataka has had revenue surplus for the last five years and its fiscal deficit was under the permissible limit.

Siddaramaiah also targetted the BJP, which has accused the government of having become bankrupt. “Thats a comment about our tax collection. We have met tax collection targets, except excise. We couldnt renew excise licences for three months last year due to a Supreme Court order that banned sale of alcohol on highways,” he said.

He mocked Prime Minister Narendra Modis slogan Sabka Saath, Sabka Vikas, when he said Karnataka would provide free education to girls who join government colleges. “This is being inclusive. This is what is called Sabka Saath, Sabka Vikas,” he said.

Siddaramaiah rubbished charges that the 2018-19 budget, his record 13th one, was prepared with the upcoming polls in mind. “We have never prepared budgets keeping elections in mind. This is a regular budget on which we have seriously applied our mind. Provisions in this budget will be implemented by us, because the Congress will return to power.”

Chief Minister Siddaramaiah took potshots at the BJP after presenting the last budget of the Congress government ahead of the elections, boasting about Karnataka’s economic growth and fiscal health.

“They say our government is debt-ridden, that we’ve borrowed too many loans. It is a baseless, politically motivated and misleading allegation,” Siddaramaiah told reporters.

Loan borrowings should not exceed 25% of the Gross State Domestic Product (GSDP) as per the Karnataka Fiscal Responsibility Act. “For 2017-18, our loans were 18.49% of the GSDP, whereas for 2018-19, our loans are projected at 20.36% of the GSDP. We are well within limits,” he said, adding that it was necessary to borrow loans to develop and create assets. He added that Karnataka has had revenue surplus for the last five years and its fiscal deficit was under the permissible limit.

Siddaramaiah also targetted the BJP, which has accused the government of having become bankrupt. “That’s a comment about our tax collection. We have met tax collection targets, except excise. We couldn’t renew excise licences for three months last year due to a Supreme Court order that banned sale of alcohol on highways,” he said.

He mocked Prime Minister Narendra Modi’s slogan ‘Sabka Saath, Sabka Vikas,’ when he said Karnataka would provide free education to girls who join government colleges. “This is being inclusive. This is what is called Sabka Saath, Sabka Vikas,” he said.

Siddaramaiah rubbished charges that the 2018-19 budget, his record 13th one, was prepared with the upcoming polls in mind. “We have never prepared budgets keeping elections in mind. This is a regular budget on which we have seriously applied our mind. Provisions in this budget will be implemented by us, because the Congress will return to power.”

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