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The Hindu
The Hindu
National
Staff Reporter

REVEALED: State s debt burden stands at 3 32 lakh crore | Rare Historical Photos

K Radhakrishnan Opposition

Minister for Parliamentary Affairs K. Radhakrishnan has said the State’s debt has grown to ₹3.32 lakh crore (as of March 31).

He was responding to questions during the Question Hour in the House on behalf of Finance Minister K.N. Balagopal on Tuesday.

Nonetheless, financial position would not deter the government from pursuing development projects such as the SilverLine semi-high speed rail corridor project. Such activities, along with the various welfare schemes, are bound to bring in more revenue for the State in the future and improve the living standards of the people, Mr. Radhakrishnan said adding that the government hoped to improve tax collection.

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