<p>Countering Kerala government's criticisms over slashing the state's borrowing limits, minister of state for external affairs V Muraleedharan has said that the state government is trying to mislead the people and cover up its financial mismanagement and extravagance.</p>.<p>Muraleedharan told reporters on Monday that the present borrowing limits were prescribed for the first three quarters of 2023-24 fiscal and the borrowing limits for the last quarter would be sanctioned later only. Hence the criticisms by Chief Minister Pinarayi Vijayan and Finance Minister K N Balagopal could be either due to ignorance or a deliberate attempt to politicise the issue, he said.</p>.<p><strong>Also Read: <a href="https://www.deccanherald.com/national/south/kerala-borrowing-limit-not-reduced-ldf-govt-extravagance-reason-for-states-financial-crisis-claims-centre-1223001.html" target="_blank">Kerala borrowing limit not reduced; LDF govt extravagance reason for state's financial crisis, claims Centre</a></strong></p>.<p>He also said that the CPM government was pushing Kerala into a debt trap through fiscal mismanagement and extravaganza like foreign trips of the Chief Minister and ministers and paying honorarium to former Congress MP K V Thomas who was recently appointed as state government's representative in Delhi. Unless the centre imposed regulation on borrowings Kerala would face the financial crisis like some neighbouring countries, he said.</p>.<p>Meanwhile, Congress, which is the opposition party in Kerala, was continuing its silence on the matter citing that the reasons for allegedly slashing the borrowing limits were not yet known.</p>.<p>Kerala government had maintained that the borrowing limits of Kerala was slashed by the centre from Rs. 32,442 crore to Rs. 15,390 crore without stating any reason.</p>
<p>Countering Kerala government's criticisms over slashing the state's borrowing limits, minister of state for external affairs V Muraleedharan has said that the state government is trying to mislead the people and cover up its financial mismanagement and extravagance.</p>.<p>Muraleedharan told reporters on Monday that the present borrowing limits were prescribed for the first three quarters of 2023-24 fiscal and the borrowing limits for the last quarter would be sanctioned later only. Hence the criticisms by Chief Minister Pinarayi Vijayan and Finance Minister K N Balagopal could be either due to ignorance or a deliberate attempt to politicise the issue, he said.</p>.<p><strong>Also Read: <a href="https://www.deccanherald.com/national/south/kerala-borrowing-limit-not-reduced-ldf-govt-extravagance-reason-for-states-financial-crisis-claims-centre-1223001.html" target="_blank">Kerala borrowing limit not reduced; LDF govt extravagance reason for state's financial crisis, claims Centre</a></strong></p>.<p>He also said that the CPM government was pushing Kerala into a debt trap through fiscal mismanagement and extravaganza like foreign trips of the Chief Minister and ministers and paying honorarium to former Congress MP K V Thomas who was recently appointed as state government's representative in Delhi. Unless the centre imposed regulation on borrowings Kerala would face the financial crisis like some neighbouring countries, he said.</p>.<p>Meanwhile, Congress, which is the opposition party in Kerala, was continuing its silence on the matter citing that the reasons for allegedly slashing the borrowing limits were not yet known.</p>.<p>Kerala government had maintained that the borrowing limits of Kerala was slashed by the centre from Rs. 32,442 crore to Rs. 15,390 crore without stating any reason.</p>