Burning Question: Punjab And Himachal Face Fiscal Crisis | Freebies VS Fiscal Responsibility
Burning Question: Punjab And Himachal Face Fiscal Crisis | Freebies VS Fiscal Responsibility
Punjab and Himachal Pradesh are facing the harsh realities of populist policies, as both Congress and AAP struggle to fulfill their election promises. In Punjab, the government has raised taxes to manage its finances, while Himachal Pradesh is deferring salaries and pensions due to severe fiscal constraints. The Mann government in Punjab has also been forced to increase bus fares, highlighting the economic strain caused by unsustainable freebies. These developments underscore the long-term costs of fiscal irresponsibility, as both states grapple with the fallout of populism, raising important lessons on the balance between welfarism and financial stability.
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