Shimla, March 18 (IANS) Himachal Pradesh Chief Minister Virbhadra Singh on Friday blamed the 13th Finance Commission and increased salaries of state government employees for the high debt burden of the hill state. Replying to the budget debate in the assembly, the chief minister said the high debt was mainly due to a sharp reduction in revenue deficit grants given by the 13th Finance Commission during 2013-14 and 2014-15, coupled with the increased salary burden. The revenue deficit grant of Rs.2,232 crore for first year (2010-11) was reduced sharply to Rs.406 crore in the last year (2014-15) of the Finance Commission's duration, he said.
from https://in.news.yahoo.com/himachal-cm-blames-finance-commission-high-state-debt-121204695--finance.html
from https://in.news.yahoo.com/himachal-cm-blames-finance-commission-high-state-debt-121204695--finance.html
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