Courtesy fiscal mismanagement, J&K at verge of bankruptcy: Karra

Excelsior Correspondent
BUDGAM, June 17: Senior PDP leader and Member Parliament, Tariq Hameed Karra has accused the NC-Congress coalition Government of landing Jammu and Kashmir into a financial mess.
“Due to the mismanagement of finances by the present Government, the State is facing an unprecedented cash-crunch as the treasuries are running dry and the bills of contractors, GP fund subscribers, pensioners and daily-rated workers are pending payment for months together,” Mr Karra said while addressing a series of thanks giving public meetings in Beerwa Assembly segment of Srinagar Parliamentary constituency where from he was elected to the Lok Sabha.
Mr Karra said ironically instead of doing any good to the State, the Government headed by Omar Abdullah seems to be hell-bent on pushing J&K into perpetual bankruptcy due to administrative anarchy and rampant corruption promoted by it.
“Fiscal mismanagement and shortage of funds at treasuries has become a hallmark of this inefficient Government which is least bothered about the welfare of the people,” he said and added that while there is already a freeze on developmental works in the State, the fiscal crisis is now affecting the routine payments like contractors bills, GP fund, gratuity, pension and salaries as well.
Expressing concern over the bad condition of roads, acute drinking and irrigation water scarcity, power crisis, rations shortage looming over entire Kashmir, Mr Karra said the dismaying developmental scenario presents a sad commentary on the performance of this Government as it is brazenly sleeping over the issues and not taking steps to mitigate the sufferings of the people which are getting compounded with every passing day.
MLA Beerwa Dr Mohammad Shafi also addressed the road-shows.

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