Pranab saw zero merit in Asims zero-deficit budgets

Union Finance Minister Pranab Mukherjee indirectly took a swipe at former state finance minister Asim Dasgupta on Sunday for presenting zero-deficit budgets to the Assembly for successive years during his tenure.

Written by Express News Service
Kolkata | September 5, 2011 03:54 AM IST

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Union Finance Minister Pranab Mukherjee indirectly took a swipe at former state finance minister Asim Dasgupta on Sunday for presenting zero-deficit budgets to the Assembly for successive years during his tenure. Some provincial finance minister (referring to Asim) was presenting zero-deficit budgets for several years. This is complete economic jugglery and not in tune with the needs of a developing nation, Mukherjee said at a CII event in Kolkata. I do not believe in zero-deficit budgets. You see what the condition of the state is. The state has the highest per capita debt and borrowings have crossed Rs 2 lakh crore, said Mukherjee.