Only GST dues can resolve fiscal crisis: Finance Minister Thomas Isaac
| Thursday | 5th December, 2019
THIRUVANANTHAPURAM: Bills queued up in the state’s treasuries could be cleared only after getting the pending GST compensation from the central government, Finance Minister Thomas Isaac said on Wednesday.
With acute financial crisis, the state government has already effected a 30 pc cut in plan fund projects.
The minister said the plan projects would be severely affected if the government delays the GST compensation and rejects the demand for raising the state’s borrowing limit.
Isaac pointed out that already a 30 pc cut has been made in plan fund projects.
“The crisis will be over and pending bills in the treasuries will be cleared when the Centre grants `3,000 crore compensation due to the state,” he said.