//Kerala's public debt growth rate came down: FM

Kerala's public debt growth rate came down: FM

Thiruvananthapuram, May 08: The growth rate of Kerala's public debt, which now stood at Rs 45,024 crore, was less during the present UDF rule compared to the previous LDF regime, State Finance Minister Vakkom Purushothaman said here today.

The growth rate of public debt during the UDF rule was 88 per cent while it was 137 per cent during the LDF regime, Purushothaman told reporters here.

When LDF went out of power five years ago, the public debt was rs.23,919 crores, he pointed out.

Claiming that UDF government followed a strict financial discipline during its rule, he said presently there was a surplus of Rs 201.46 crores in the state treasury.

Bureau Report