Where did Rs 3 lakh crore raised as loans vanish, AAP questions previous Punjab govts over debt

The Aam Aadmi Party leaders have raised questions over Rs 3 lakh crore debt left behind by the previous governments.   

The Aam Aadmi Party has hit out at previous governments over saddling Punjab with debt. Punjab Chief Minister Bhagwant Mann accused the previous governments of pushing the state into a debt trap and said his government will enquire where the money was used.

"I know where this money is lying. This belongs to the people and we cannot just leave it saying it is a thing of the past," CM Bhagwant Mann said.

According to the AAP leaders, the previous dispensation did not make any significant progress in the state in regards to the construction of new hospitals, schools, colleges or universities.

ALSO READ: BJP slams AAP for meeting with ‘anti-India’ UK MP Tanmanjeet Singh

AAP spokesperson Malvinder Singh Kang questioned," When no major development works were carried out, where did the three lakh crore rupees raised as loans vanish? The previous governments will have to answer where they spent this money as various government institutions incurred losses."

The successive Punjab governments during the last 15 years have added more than Rs 2.2 lakh crore debt. State's public debt is also likely to reach Rs 3.73,988 lakh crores by 2024 -25. A CAG report says that the public debt will reach 6,33,159 Cr by 2028-29