The government is all the more under pressure because of its commitment to release an installment of the pending 27% DA. Mamata wants to clear at least 6% now and another 7% by March. This would add a burden of Rs 100 crore next month. At the end of the current fiscal, the total debt burden will soar to Rs 2,31,203 crore.
Since the government can’t defer the obligatory payment of DA to the next fiscal, it finds itself in a fix. The government, according to officials in the know, has already been tapping chunks of funds earmarked for developments.
News published in The Times of India dated 21.12.12