#Kerala financial crisis.
Kerala is in a dire financial situation which would lead to serious economic repercussions.
According to estimates, the state's public debt now stands at a whopping Rs 3.57 lakh crores. The state government has failed to control the public debt.
To overcome the current situation, the state should borrow more at lower interest rates and also seek additional assistance from the Centre. However, these two options will not work because the state has not responded to questions posed by the center on state spending. Moreover, no agency outside the country will lend a hand to the state because State is in financial crisis.
The only solution is to reorganize the state tax collection mechanism and for this, the current Ministry of Finance is incompetent. it is better to entrust this work to people who know the work.
KA Solaman
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