Pinarayi Vijayan | Screengrab
Thiruvananthapuram: The decision to restrict the borrowing limit of the state government by the union government is an attempt to block the infrastructure development and the social security programmes of Kerala, said chief minister Pinarayi Vijayan on Tuesday.
Responding to the demand of the union finance ministry, Pinarayi said that the borrowings of Kerala Infrastructure Investment Fund Board are not the debt of the government as it is a body corporate.
He said the government has written to the finance ministry to relook into the decision to add the borrowings of KIIFB and Kerala Social Security Pension Limited (KSSPL) into the state's account.
The governments must invest more to overcome the Covid-induced economic slump, Pinarayi said in the press conference. He recalled the expense of the Kerala government during the Covid-19 lockdown period for food kits and other purposes. The country is yet to get over the effect of Covid on the economy, he added.
He also said that he has written to the prime minister to revoke the decision to impose GST on essential goods.