Financial crisis deepens in Kerala; government tightens treasury controls
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Home News Kerala

Financial crisis deepens in Kerala; government tightens treasury controls

by Janam Web Desk
Dec 1, 2023, 11:13 am IST
in Kerala

Thiruvananthapuram: The state of Kerala grapples with an escalating financial crisis. Control measures were taken by the government to reduce the debt burden. Recent alterations in Treasury regulations include revised withdrawal limits and limiting the immediate sanctioning of bills to Rs 1 lakh. Bills exceeding one lakh rupees have been tokenized and subject to government approval.

The disbursement of funds now requires priority and government authorization, imposing restrictions on daily expenditures. Bills up until October 15 have been approved without limitations. Previously, prior approval was required for amounts above five lakhs.

Concerns arise regarding the extravagance of the Chief Minister and ministers, even as the financial crisis persists. The ongoing Nava Kerala Sadas, conducted in the name of direct interaction with the people to solve their problems, continue despite widespread protests across the state. The High Court has criticised the government for injecting the roots of politics into even schoolchildren.

Tags: FEATUREDgovernmentFINANCIAL CRISISKerala State TreasuryNava Kerala Sadhas tourtreasury controlskerala state
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