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Reckless policies of LDF, UDF led to fiscal crisis in Kerala: Sitharaman

Reckless policies of LDF, UDF led to fiscal crisis in Kerala: Sitharaman

Finance Minister Nirmala Sitharaman told the Rajya Sabha on Thursday that the "reckless policies" of the LDF and UDF governments have led to a "fiscal crisis" in Kerala, as she dismissed allegations that the Centre has cut funds for the southern state. The finance minister also mentioned that the Left front government of EMS Namboodiripad in Kerala was dismissed by the Congress. "The truth is that Kerala's fiscal crisis is a result of both the LDF and UDF governments' reckless policies and not the fault of the central government. Did it stop us from doing work in Kerala? No," she said.Dismissing allegations that the Centre is not sanctioning sufficient funds for the southern state, Sitharaman said, "Kerala received Rs 1.57 lakh crore between 2014 and 2024, which is an increase of 239 per cent over the UPA period. How much did it receive between 2004 and 2014? Rs 46,300 crore." "Kerala is being differentiated, discriminated ... please ... we follow the recommendations of the Finance Commission and that is what is going to you. It is not lesser than what you received earlier," she added.The minister said there was a 509-per cent surge in the grant-in-aid and while the Kerala received Rs 25,630 crore from 2004 to 2014, it received Rs 1.56 lakh crore between 2014 and 2024. "It is hurting to hear Kerala repeatedly saying that you are discriminating against us," she said.

Sitharaman also quoted a Supreme Court judgment in a case relating to borrowing limits, which said Kerala "has not unutilised the fiscal space and that the state has over-utilised its fiscal space". She also quoted a CAG audit report and said it observed that in 2022-23, 97.88 per cent of Kerala's debt receipts were utilised for repaying the outstanding debt, which indicated poor debt management by the state government.

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