“As anticipated, it has turned out to be a non-event. It does not inspire any confidence,” the chief minister said, hours after finance minister P Chidambaram presented the interim budget in the Lok Sabha.
Stating that there is no indication for stepping up capital expenditure to accelerate the sagging growth rate of the economy, Naveen said Chidambaram has not made any attempt to enhance revenue and plan expenditure.
“The plan outlay for 2014-15 is at the level of 2013-2014. We have grave doubts on the flow of funds through central assistance for state plan, including the restructured centrally sponsored schemes, which now form a part of the state plan,” the CM told mediapersons. He said the provision for food subsidy is ‘inadequate’ and shows the lack of commitment for implementation of the food security act. “The UPA government has created the problem of price rise for the aamaadmi (common man) of our country and has once again failed to address this serious issue in the budget,” he added.
The state unit of Samajwadi Party, in a press statement, described the interim budget as ‘sterlite’ and ‘lacking direction’. “It is more an information sheet on the successes of the 10-year UPA rule,” said Samajwadi Party state president Rabi Behera. “No measure has been taken to lessen the burden of common man by containing food inflation,” he added.