CM debunks Opposition’s debt charge
The Hindu
He says States ruled by Cong., BJP have higher financial liability
Responding to allegations of the Congress on Kerala’s high debt, Chief Minister Pinarayi Vijayan has said that the State’s debt is lower than the Congress-ruled Rajasthan and the BJP-ruled Uttar Pradesh. The Opposition is building a house of cards based on lies, he said. Addressing a ‘meet-the-press’ organised at the Kannur Press Club on Sunday, he said that as per Reserve Bank of India figures, Kerala’s debt was 31.2% of the GDP for the financial year 2019-20. In Rajasthan, it was 33.1%, in Punjab, 40.3%, in Uttar Pradesh, 34%, in West Bengal 37.1% and in Bihar, 31.9%. Kerala’s debt was quite low when compared to these States. “People will reject the propaganda that Kerala is in a debt trap,” he said.More Related News