Rising debt and declining accountability have put both India and Haryana in a financially alarming situation: Kumari Selja

Chandigarh:The Sirsa MP, former Union Minister and Congress National General Secretary Kumari Selja said that the financial condition of both the country and the state of Haryana has become deeply concerning due to rising debt and shrinking fiscal responsibility. Citing official data presented in Parliament, she said that as of March 31, 2014, the outstanding debt of the Central government stood at Rs 58.6 lakh crore, which has surged to ₹185.95 lakh crore in 2024–25. In just a decade, more than ₹127 lakh crore in additional debt has been added, she noted. Kumari Selja said this steep rise is not routine but raises serious questions about the country’s fiscal health. The government makes tall claims of development, but the reality is that the nation is being pushed under an ever-growing debt burden. She said that whenever questions are raised, the government responds by saying that the debt-to-GDP ratio remains under control.

Kumari Selja said If massive borrowing alone is a measure of a strong economy, then even a loss-making company could be termed successful. Kumari Selja said not only the Centre, but Haryana’s financial position is also worrisome. Old-age pensions are reportedly being curtailed, schemes like ‘Lado Lakshmi’ are being diluted, and farmers are not receiving compensation on time. This, she said, indicates a shortage of adequate resources to sustain public welfare schemes. Targeting the BJP’s “double engine government” slogan, she said the reality appears to be a “double debt government,” where governance is being run on borrowings rather than genuine development.

Kumari Selja concluded that while slogans and advertisements may create temporary illusions, official figures speak the truth. The people of India and Haryana, she asserted, will hold the government accountable for this financial mismanagement in due course.