The political landscape in Rajasthan has intensified following allegations of a reduction in financial funds received from the Central Government. Leader of the Opposition (LoP) Tikaram Jully has formally questioned the BJP-led state government and Chief Minister Bhajan Lal Sharma regarding the protection of the state's financial rights. According to the Congress party, there has been a significant shortfall in the funds expected from various central schemes and tax devolutions, which could potentially impact the state's economic stability.
Allegations of 37 Percent Reduction in SASCI Scheme
Citing official figures, LoP Tikaram Jully stated that there has been a major cut in the funds allocated to Rajasthan under the 'Special Assistance to States for Capital Investment' (SASCI) scheme. The Congress party claims that while the estimated target for the state under this scheme was ₹15,000 crore, only approximately ₹9,500 crore has been received. Jully alleged that this represents a direct 37% reduction, which could hinder development projects and infrastructure growth in the state. He has demanded that the Chief Minister publicly disclose the issues raised regarding the state's financial interests during his recent visits to Delhi.
Discrepancies in Central Tax Devolution and Grants
Sharing detailed financial data, the Leader of the Opposition pointed out that Rajasthan has not received its expected share in the devolution of central taxes. Against a target of ₹85,716 crore, the state received only ₹83,940 crore, marking a deficit of approximately ₹1,776 crore. Plus, in the 'Grant-in-Aid' category, the state reportedly received about ₹37,910 crore against an expected ₹39,193 crore. According to Jully, the cumulative shortfall across these categories exceeds ₹8,000 crore, raising concerns about the state's share as per the recommendations of the 15th Finance Commission.
Concerns Over Rising State Debt and Fiscal Management
Tikaram Jully criticized the fiscal management of the current administration by presenting a comparative analysis of state debt. 22 lakh crore in just 3 years. Jully challenged the government's narrative of comparing '2 years versus 5 years,' alleging that the current administration is breaking records in debt accumulation within a shorter timeframe. He described this trend as a potential debt trap for the state.
Reported Contraction of the State Economy
The opposition has also highlighted the issue of the shrinking size of the state's Gross State Domestic Product (GSDP). 13 lakh crore, which is a decline of nearly 6%. Jully stated that the combination of increasing debt and a shrinking economic base presents a worrying sign for the state's future. He questioned the ethical basis of the government's claims regarding sound financial management when the statistical data suggests a different reality on the ground.