Punjab paid back entire ₹20,200 cr electricity subsidy for FY 22-23: CM Bhagwant Mann

Punjab Chief Minister Bhagwant Mann Friday said the state has cleared its entire electricity subsidy bill of ₹20,200 crore for the last financial year and has witnessed a jump in excise and GST revenue.

Punjab Chief Minister Bhagwant Mann Friday said the state has cleared its entire electricity subsidy bill of ₹20,200 crore for the last financial year and has witnessed a jump in excise and GST revenue.

CM Mann, addressing the media here, said the state has registered a revenue of ₹8,841 crore for the financial year 2022-23, up by 41.41 per cent when compared to 2021-22.

He claimed that Punjab's financial position was on the right track.

Mr. Mann spelled out various initiatives taken by his over-a-year-old government in various spheres including health, education and power.

"What we have achieved in one year, other governments were not able to do so in 15 years," he said.

He also said his government has fulfilled several poll promises in the first year itself, "which other governments are not able to do even in the fifth year".

He said his government has set a target of 10,000 crore in excise revenue for the current fiscal, as he criticised the previous governments for allowing "liquor mafia" in the state.