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Monday, October 1, 2007

How weighty are Cong, TD pre-poll sops?

Yes. They make up around 20 per cent of the State's total annual budget. If the Congress or the TD, whoever comes to power, has to spend on fulfilling the sops announced by them, they need at least Rs 10,000 crore every year. If the benefits are extended to more sections, the budgetary allocation will simply jump to Rs 20,000 crore. So the State's budget will go up by Rs 10,000 crore to Rs 20,000 crore.

Without thinking of how they will raise so much money to fulfill the promises, both the Congress and the Telugu Desam are vying with each other in announcing newer and newer promises. They are more interested in winning elections rather than thinking of the State's economy.

If the new government implements the schemes -- all the shemes promises -- it will have to impose new taxes on people to the tune of Rs 20,000 crore. This means everyone in the State will have to pay new and additional taxes. The tax structure will go up at least by two times. The common man has to cough up from his nose to fulfill the power needs of these politicians. What's a logic?

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