The growing culture of doling out subsidies ahead of elections has lately been a topic of public discussion, with NK Singh, chairman of the 15th Finance Commission, publicly speaking against it, highlighting the fiscal unsustainability of these freebies. Punjab ranks second in terms of subsidies given as a percentage of GSDP and eighth in terms of absolute subsidy given during FY19-22 and is also one of the most heavily indebted states with a debt/GSDP ratio of 53.3 per cent in FY22.from Economy-News-Economic Times https://ift.tt/RMiHxDk
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