Himachal Pradesh’s heavy reliance on Central financial assistance, coupled with the failure of successive Congress and BJP governments to establish sustainable revenue streams, has led to a deep fiscal crisis. Unchecked debt accumulation — Rs 13,442.56 crore under the BJP in 2013-14, Rs 47,906.21 crore during the Congress tenure in 2018-19, and Rs 63,735.61 crore left by the Jairam regime in 2021-22 — has placed the Sukhu government in a precarious financial position.
Diversifying revenue streams
To address fiscal challenges, Himachal must explore new revenue sources. Strengthening tax compliance, rationalising subsidies, and monetising government assets are crucial. The state should also demand financial compensation for its…
