'Kerala is on the verge of ruin', claims BJP leader KJ Alphons - State going through very bad economic condition

Kerala BJP leader KJ Alphons has claimed about the economic condition of Kerala that the state is passing through a very bad economic condition. Also, he has claimed that Kerala has taken the maximum loan in the country. He said that since the year 2019, additional DA could not be paid to 70 thousand pensioners. No state can run like this.

Aug 19, 2023 - 21:20
'Kerala is on the verge of ruin', claims BJP leader KJ Alphons - State going through very bad economic condition

Bharatiya Janata Party (BJP) leader from Kerala KJ Alphons said on Saturday that the financial condition of the state of Kerala is very bad and the state has the highest debt in the country.

Speaking to news agency ANI, KJ Alphons said, "Kerala is in a very bad state economically. It is a ruin financially. There is no money to pay a pension. Additional Dearness Allowance (DA) received by 70,000 pensioners have died without it since 2019. Kerala has taken the highest debt in the country. How can a state survive like this?" "The Kerala government is continuously taking loans and putting a heavy burden on the future generations of the state," he said.

Earlier on Friday, Kerala Finance Minister KN Balagopal had said that the state is not getting its revenue share from the Centre. He said, "Kerala is facing financial sanctions from the Centre. Kerala is paying around 70 per cent revenue to the Center and less than 30 per cent revenue is coming from the Centre. There is a huge disparity and it is discrimination." "

Balagopal alleged that the United Democratic Front (UDF) MPs were not supporting the state government on the issue against the Centre. He said, "We had a very bad experience with the UDF MPs in Kerala. The UDF has 18 MPs in the Lok Sabha. When the Chief Minister met the UDF MPs, it was decided that a memorandum would be given to the Union Finance Minister and Everyone agreed on this."

"The memorandum was prepared and then the UDF and other Congress MPs were reluctant to sign the memorandum and did not go. They went against the interest of the state, this is a very serious issue," he said.

Meanwhile, senior Congress leader Ramesh Chennithala on Friday accused Kerala Finance Minister KN Balagopal of failure to manage the state's finances. He told the media, "Kerala's Finance Minister KN Balagopal has completely failed to manage Kerala's finance source. In fact, Kerala is now trapped in a debt trap. The government does not know how to come out of it." The extravagance has not been fixed. Corruption is a major issue in the state."

The Congress leader alleged that complete failure in financial management has created havoc in the state's financial sector. Still, he is blaming Congress MPs, Chennithala said. are being raised in Parliament."

He said, "Our MPs have been very vocal in Parliament about giving more financial resources to the state. This is our general stand, seeking the Finance Commission report, Kerala needs more and more support from the Centre."

Muskan Kumawat Journalist & Writer