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DMK seeks white paper on government finances

Published: 18th January 2013 09:24 AM  |   Last Updated: 18th January 2013 09:24 AM   |  A+A-

The Opposition DMK on Thursday demanded that Chief Minister N Rangasamy-led AINRC government release a white paper on the present ‘financial crisis’ faced by the Union Territory.

In a statement, the Convenor of Puducherry DMK, Dr M A S Subramanian, said that diversion of funds from plan schemes to non-plan programmes had been the chief cause for the financial constraints.

He urged Rangasamy to bring out a white paper on department-wise allocation of funds in the budget he presented in the current financial year, the quantum of revenue generated, funds received from centre, loans obtained and the money spent so far, and funds diverted to non-plan sector in the Union Territory.

He said that instead of planning a realistic budget based on the availability of funds, the Chief Minister had gone ahead with a larger plan size, which could not be sustained. Instead of coming out with the reality, he was justifying the need for statehood for implementing the schemes and solution to the present financial crisis.



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