HP Election 2022: Debt burden of Rs 64,904 crore on Himachal Pradesh a challenge for next government

Himachal Pradesh will vote tomorrow, i.e. November 12 in tightly contested polls where the ruling BJP will look to break the alternate government jinx while the Congress will look to return to power. However, whichever party comes to power, one of their key challenges will be the massive debt burden faced by the state. According to Chief Minister Jai Ram Thakur, the state is facing a debt of Rs 64,904 crore. 

The state’s total expenditure in the year 2021-22 was Rs 38,49,088 lakhs while the same was Rs 36,13,360 lakhs in 2020-21. The state paid Rs 5,01,758 lakh towards interest payments and servicing of debt during 2021-22. Himachal Pradesh paid Rs 7,08,200 lakh towards pension payments. Himachal Pradesh with a GDP of around Rs 1.56 lakh crore ranks 22nd among the 33 states and union territories. According to the experts, a higher debt burden will be a challenge for any government that takes over the reign next.

The ruling BJP is hoping for an encore on the back of its development agenda, while the opposition Congress is urging voters to go by the four-decade-old tradition of voting out incumbents in Himachal Pradesh which goes to poll on Saturday. More than 55 lakh voters in the hill state will decide the fate of 412 candidates in 68 constituencies across the state.

Meanwhile, the Election Commission has reported a five-fold increase in seizures in Himachal Pradesh compared to the 2017 Assembly polls. The poll panel said the seizures in Himachal Pradesh amount to Rs 50.28 crore as compared to Rs 9.03 crore five years ago, marking more than a five-fold increase. Giving details, it said Rs 17.18 crore in cash, liquor worth Rs 17.5 crore, drugs worth Rs 1.2 crore and freebies worth Rs 41 lakh were seized in Himachal Pradesh till November 10.

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The BJP has promised the implementation of a Uniform Civil Code and eight lakh jobs in the state, while the restoration of the old pension scheme, 300 units of free power and a Rs 680-crore StartUp fund are among the promises made by the Congress.

In the voting scheduled from 8 AM to 5 PM on Saturday, the Election Commission has set up a total of 7,884 polling stations including three auxiliary polling stations in far-flung areas. Of these, there are 789 vulnerable booths and 397 critical ones.

(With PTI inputs)