Top
Begin typing your search above and press return to search.
keyboard_arrow_down
Login
exit_to_app
Going beyond birthday celebration
access_time 18 Sep 2020 6:05 AM GMT
Periyar@142-Revolutionary and Visionary
access_time 17 Sep 2020 11:57 AM GMT
The word of caution from the highest court
access_time 17 Sep 2020 6:31 AM GMT
access_time 16 Sep 2020 5:58 AM GMT
access_time 15 Sep 2020 6:19 AM GMT
DEEP READAll arrow_drop_down
The ogres in the mind
access_time 8 Sep 2020 11:27 AM GMT
Why worry about populism?
access_time 4 Sep 2020 9:51 AM GMT
Media mind-set towards minorities
access_time 15 July 2020 4:29 PM GMT
exit_to_app
Homechevron_rightKeralachevron_rightFinancial condition...

Financial condition very bad: Minister

text_fields
bookmark_border
Financial condition very bad: Minister
cancel

Thiruvananthapuram: State Minister for Culture and Cinema A.K. Balan 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.

The minister 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.

Show Full Article
TAGS:
Next Story