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Tuesday, Jun 24, 2025
Finance Minister KN Balagopal said the allocation was to prevent the steep rise in prices of essential commodities during Onam.
Nirmala closed Kerala’s account even after BJP opened it, he said.
Balagopal said that Kerala's debt is only 33.09% of the domestic product, contrary to claims that the state is in a debt trap.
The finance minister seemed more worried about his legacy than what he had termed the ruthless anti-federal ways of the Centre.
The finance minister said that since 2016, KIIFB has spent around Rs 30,000 crore on development of which about Rs 20,000 crore was spent during the second LDF government's tenure.
Finance Minister K N Balagopal wondered why the media in Kerala treated Rahul Gandhi's speech as they would deal with a major win in one-day cricket.
Despite all the adverse situations, the KIIFB could spend Rs 29,100 crore on various projects, the FM said.
Satheesan was referring to Pinarayi's recent attack on Geevarghese Mar Coorilose.
He was responding to the adjournment motion moved by Congress MLA P C Vishnunath on the delay made by the LDF government in the payment of social welfare pensions.
He pointed out that this represents a 60 per cent increase in the state's own tax revenue over just three years.
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