Watch | Punjab FM: ‘Staring at Loss of Rs 20,000 Cr, Don't Expect Sizeable Package From Centre’

Name: Watch | Punjab FM: ‘Staring at Loss of Rs 20,000 Cr, Dont Expect Sizeable Package From Centre’ - The Wire
Uploaded: 2020-04-30T23:14:35+05:30
Channel: The Wire
Description: State finance minister Manpreet Badal tells The Wire’s Mitali Mukherjee that Punjab is staring at 4% fiscal deficit for this year.

State finance minister Manpreet Badal tells The Wire’s Mitali Mukherjee that Punjab is staring at 4% fiscal deficit for this year.

Mitali Mukherjee

State finance minister Manpreet Badal tells The Wire’s Mitali Mukherjee that Punjab is staring at 4% fiscal deficit for this year.

watch punjab fm ‘staring at loss of rs 20 000 cr don t expect sizeable package from centre’

In this detailed interview on the economic crunch faced by Punjab due to the pandemic, state finance minister Manpreet Badal tells The Wire’s Mitali Mukherjee that Punjab is staring at 4% fiscal deficit for this year.

He says that the state has been losing Rs 500 crore a month and the annual loss for the state might be around Rs 20,000 crore.

He says that the outgo from the Centre with respect to COVID-19 stands at Rs 71 crore. In a dire economic situation like this, the minister, sharply criticising the Centre, says that they don’t except any sizeable package from the Central government and adds that they have “never begged for anything” from the Centre.

This article went live on April thirtieth, two thousand twenty, at fourteen minutes past eleven at night.

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