Curbing extravagance and enforcing financial discipline will strengthen fiscal health: Dr Yadav

Bhopal, June 8 (UNI) Madhya Pradesh Chief Minister Dr Mohan Yadav on Saturday firmly stated that the government’s priority is to curb extravagance and enforce financial discipline to mobilise financial resources for the state’s development and the implementation of key schemes.

Speaking to UNI here about the state’s financial condition and the fulfilment of promises made during the elections, Dr Yadav asserted, “I am closely monitoring the state’s financial situation. Having previously served as the Higher Education Minister, I successfully implemented the New Education Policy without imposing any financial burden. Additionally, as Chairman of the State Tourism Development Corporation and the Ujjain Development Authority, I achieved significant results by curbing unnecessary expenses and controlling establishment costs.”

Dr Yadav highlighted the recent merger of the Medical Education Department with the Public Health and Family Welfare Department as a key decision aimed at reducing establishment costs and improving operational efficiency. He assured that similar measures would be taken to ensure the state’s comprehensive development without unnecessary expenditure.

Six months into his tenure as Chief Minister, Dr Yadav emphasised that with both the assembly and Lok Sabha elections completed, the government’s focus is now entirely on state development projects and fulfilling government priorities. “Financial resources will not be an obstacle,” he reiterated. “We will curtail unnecessary spending and maintain financial discipline through measures such as controlling establishment costs.”

Citing the widely discussed Ladli Behna scheme, Dr Yadav noted that despite questions raised, the current government has been consistently depositing Rs 1,250 per eligible woman into their bank accounts on the specified date every month. He reiterated his commitment to ensuring that the state’s financial health does not hinder development works or the fulfilment of promises.

The state assembly’s monsoon session is scheduled to commence in July, during which the state government will present the full budget for the fiscal year 2024-25. In light of the Lok Sabha elections, the budget session held in February-March saw the government present a vote-on-account for the four months from April to July, which was passed by the assembly. A full budget for the remaining eight months will now be introduced.

Currently, the state government’s annual budget size has exceeded Rs 3 lakh crore.

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