DEBT OF KERALA REMAINS UNCHECKED

The debt of the state of Kerala is mounting since long. Whether it is left or right that rules, the figure is upwards. No effective measures are taken by any government to repay these and to make some check in it. While it was Rs 1,24,081 crores in 2013-14, went upto Rs 1,41,947 crores in 2014-15. Considering the existing resources of the state this is a huge sum. The older generation always advised their dear ones that unless have any means to repay, one should not take loan from anyone.

Todays educated ones try to secure whatever is available from wherever without finding any means to repay. The most important thing the people want to know is what these governments are doing with these money other than paying salary and perks to government employees and TA and other allowances to politicians and their staff.

Both the political fronts should take  stringent measures to bring down the debt considerably during their respective terms of ruling and it should be ensured that no further loans shall be availed for any purpose. However, in the case of inevitable reasons, if any loan is availed it must be a short term loan and should be repaid during their tenure itself. Nothing should be carried forward to the successive governments.

If the 140 elected  members become a burden for 345 million people and that is democracy, it is high time that we must refine the system as early as possible.

KV George

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