West Bengal is number one in the country in terms of debt repayment

Abhijit Ray, Kolkata:A new feather in the kingdom’s crown. Bengal was recognized as the best in the country in reducing the burden of financial debt. A report by the National Institute of Public Finance and Policy (NIPFP) was recently published. According to the report, from April 2015 to March 2019, Bengal has occupied the number 1 position in the country in terms of debt reduction in these four consecutive financial years. According to the report, although the debt has increased subsequently, its amount is less than that of the financial year 2015-16.However, CPM’s huge old debt liability is so high that out of every 10 rupees of income, 2 rupees is going to pay the loan installments. After this report, the faces of the opposition are burnt. Especially the CPM leaders who spoke on TV about the state’s financial situation, left behind a huge debt load that the Mamata Banerjee-led government is still burdening. CPM will speak after that!National Institute of Public Finance and Policy, abbreviated as NIPFP is an autonomous research institute under the Union Ministry of Finance. The task of this organization is to research the important issues of national economy like allocation of money to various projects and funds of the government, tax structure, customs system and to determine the direction of the financial policy of the government.After reviewing the current year’s budget of 18 states of the country, NIPFP said, among the five states that have reduced debt to GDP in the four fiscal years from 2015-16, Bengal is at the top. While Punjab’s debt-to-GDP ratio has increased by 15 percent, Bengal’s debt burden has come down from 33.87 percent to 30.88 percent. The reason for this is believed to be the modernization of tax collection system from stamp duty and introduction of online system in various cases.In this regard on Tuesday, Trinamool Congress State General Secretary and Spokesperson Kunal Ghosh said that it has been pointed out repeatedly by the Chief Minister that the Trinamool Congress has been in debt ever since it came to power. Because, left government after wrong fiscal policy is responsible for this. Now the center also must admit, their report has to say that West Bengal is successful in debt repayment. is at the very top. But because it is entangled in the web of old debt, the government is not able to take profit even by repaying the debt.With Kunal’s addition, the state’s financial structure has been left empty by the Left government, and the Center is not paying over Rs 1 lakh crore due from Bengal for discriminatory practices. That is, CPM has sinned in the past, and BJP is sinning now. They are working hand in hand to satisfy their anger by hurting the people of West Bengal. According to Kunal, the loan amount has increased. Because the number of people has increased.Recently, the report of the ‘National Institute of Public Finance and Policy’ of New Delhi has been published on the overall financial situation of the country. The report which openly states that the West Bengal government led by Mamata Banerjee had the best performance in the country in terms of debt reduction in the four consecutive financial years from April 2015 to March 2019. It has been said that although the debt has increased subsequently, its amount is less than that of 2015-16 financial year.