Kerala: Rajeev Chandrasekhar Slams Left Govt's Financial Indiscipline Amid Onam

9/10/2024 3:27:04 AM

(MENAFN- AsiaNet News) Thiruvananthapuram: Former Union Minister Rajeev Chandrasekhar on Tuesday (Sep 10) slammed the Kerala government for its decision to borrow reportedly over Rs 4000 crore to meet Onam expenses.

Taking to social media, Rajeev Chandrasekhar said, "Onam is a celebration that holds deep emotional significance for all Malayalis. It represents a time when people lived without deceit or treachery, a period characterized by genuine human connection. Vijayan govt is strict only when it comes to extensive spending even at times of financial crisis."

(He quotes a famous Malayalam saying 'kaanam vittum Onam unnanam, meaning 'Celebrate Onam even if you have to sell your property').

The BJP leader continued, "The Kerala government decides to advance loans allocated for the final quarter of the fiscal year to cover Onam expenses, including staff bonuses and festival allowances. Approximately Rs 4,800 crores will be borrowed for this purpose."

"This is a decision that will further stress Kerala, which is facing a severe crisis as a result of the mismanagement and lack of financial discipline of the successive governments that have ruled the state."

"Had the unnecessary extravagance and wasteful expenditure been curbed there would not have been a situation of borrowing on interest to pay employee benefits," he added.

Reports indicate that the Centre has allocated a borrowing cap of Rs 37,512 crore for the state. Out of this, Rs 21,253 crore was designated for expenses until December, leaving only Rs 700 crore available. In this context, the government is currently borrowing Rs 4,800 crore from the Rs 16,257 crore set aside for major expenditures in the final quarter.

MENAFN10092024007385015968ID1108655684

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.