Social News XYZ     

Kerala’s financial condition very bad: Minister

Kerala's financial condition very bad: Minister
Thiruvananthapuram, Dec 4 (SocialNews.XYZ) A Kerala Minister on Wednesday made no bones about the fact that the state's finances are in bad shape, echoing the fears that have been raised over and over by the Congress-led Opposition.

Kerala Minister for Culture and Cinema A.K. Balan said that the state's finances have never been so bad as they are today.

"We have to receive about Rs 3,200 crore from the Centre, by the GST way. The current financial position of the state is appallingly poor. Never before has the state passed through such a situation. The stage has come that it's become difficult to pay even salaries," said Balan.

The Congress-led opposition has been targeting Chief Minister Pinarayi Vijayan for his extravagance and frequent foreign jaunts and also blamed State Finance Minister Thomas Issac for poor fiscal management for the financial position to have become so tight.

 

The public debt of the state since Vijayan assumed office in 2016 has shot up by Rs one lakh crore to touch Rs 2.50 lakh crore as on date.

Source: IANS

Facebook Comments
Kerala's financial condition very bad: Minister

About Gopi Adusumilli

Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc. He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources. When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any. He can be reached at gopi@socialnews.xyz

Advertisements
PHP Code Snippets Powered By : XYZScripts.com
%d bloggers like this: