The Attorney General (AG) of India, R Venakatramani, top law officer representing the Centre, had told the Supreme Court that Kerala government’s finances came under the economic management policy and alleged that the State government was attempting to cover up its own failures on the issue of finances and budgeting.The Kerala government, in its petition filed in the Top Court, has alleged that the Centre is unnecessarily interfering in State’s finances and said that due to such interference, the state is not able to fulfil the commitments in its Annual Budgets.Kerala government said that the Centre is imposing a Net Borrowing Ceiling on the State. Kerala govt said that due to the alleged interference by the Centre, this has resulted in huge arrears that it owes by way of welfare schemes to the people of the State particularly the poor and the vulnerable, various beneficiary groups, the employees of the State Government, its pensioners and dues to its State-Owned Enterprises.
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