CAG pulls up Kerala again for off-budget borrowings

According to the report, the state's overall debt, inclusive of off-budget borrowings, stands at Rs. 3,83,267.15 crore. Excluding the GST compensation of Rs. 14,505.31 crore received as a back-to-back loan, the effective total liabilities amount to Rs. 3,68,761.84 crore. The report cautions that continued borrowing could lead to a dangerous accumulation of debt, resulting in increased interest payments for the government.