Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu on Thursday requested Union Finance Minister Nirmala Sitharaman to allow Himachal Pradesh an additional borrowing of 2% of the Gross State Domestic Product in 2025-26.
Sukhu, who called on the finance minister in New Delhi, raised the issue of reducing Revenue Deficit Grants and said the state government has taken many steps for additional resource mobilisation. However, these are insufficient to meet the budgetary obligations for the financial year 2025-26.
The issue regarding the requirement of additional resources for creating infrastructure due to high-cost construction following tough topographical and weather conditions, a statement issued here said.
आज नई दिल्ली में केंद्रीय वित्त मंत्री @nsitharaman जी से शिष्टाचार भेंट की।
इस दौरान प्रदेश के विकास और जनहित से जुड़े विभिन्न महत्वपूर्ण मुद्दों और प्रदेश के हित में आवश्यक संसाधनों और परियोजनाओं को प्राथमिकता देने को लेकर चर्चा हुई। pic.twitter.com/ng3iU5Yaz0March 20, 2025AdvertisementThe chief minister urged the finance minister to review the limit imposed by the Department of Expenditure on Himachal Pradesh to avail external assistance and restore the position as it has adversely affected the financial position of the state and many projects are stalled.
He further requested to consider funding for a reconstruction and rehabilitation proposal from Himachal Pradesh for multilateral funding from the World Bank under a new window, which is over and above the ceiling imposed by the ministry, the statement said.
AdvertisementSitharaman assured of sympathetic consideration of the demands as placed by the chief minister, it added.
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