Madhya Pradesh's 2026-27 Budget Sparks Controversy Amid Debt Concerns
Madhya Pradesh Finance Minister Jagdish Devda presented the 2026-27 state budget totaling Rs 4,38,317 crore, amid opposition protests highlighting increasing debt. The budget emphasizes welfare for disadvantaged groups and economic growth. Opposition leader Umang Singhar condemned the government's borrowing practices, suggesting it burdens the state while promoting illusory development.
- Country:
- India
Madhya Pradesh Finance Minister Jagdish Devda unveiled the state budget for 2026-27, amounting to a significant Rs 4,38,317 crore, during an assembly session marked by interruptions from the Opposition.
The budget prioritizes welfare for the poor, youth, farmers, and women, along with fostering industrial expansion. Chief Minister Mohan Yadav hailed it as historic and an inclusive model for progress.
Opposition leader Umang Singhar led protests accusing the government of imposing a rising debt burden. He criticized the administration's pre-budget borrowing of Rs 5,600 crore, alleging it obscures true economic growth with illusions of prosperity.
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