Kohima: The Nagaland Pradesh Congress Committee (NPCC) has released data pointing that Nagaland is in deep financial crisis with total misgovernence under the Naga Peoples’ Front(NPF)-led Democratic Alliance of Nagaland (DAN) government.
According to a NPCC media cell note, the ‘precarious financial position that the DAN has gifted the state with the onset of its third innings shows no signs of recovery.’
In the midst of this severe financial crunch, it was disclosed that the government was yet to submit utilization of almost Rs 700 crores out of Rs 2000 crores plan money allocated for 2012-13 by the centre.
On two occasions, in May 17 and September 17 last, the false utilization certificates produced by the state government were not accepted by the centre, NPCC alleged.
The financial situation being faced in this current financial year 2013-14 is therefore a legacy accumulated by the government since 2003, the NPCC stated while pointing out the gross financial mismanagement over the past decade of DAN rule is evident when it flouted all financial norms to mint the state treasury empty.
According to figures given by the NPCC, the deficit has ballooned to over rs 1500 crores. The state government in its desperate attempt to tide over the financial crisis has resorted to overdraft of rs 682.88 crore in additions to ‘Ways and Means’ advances of Rs 1485.86 Crores during 2012-13, it claimed
The NPCC alleged that the DAN government’s blatant financial mismanagement has burdened the state exchequer with huge deficit and empty coffers. (UNI)
