Kerala State is planning to borrow 24000 crore rupees The Finance Minister is a worried man.
With this ,total debt will be 159 lakh crores .
From whom can we borrow? How can we present our case convincingly? To manage this , we are going to find out a Consultant . an International tender is floated for this purpose.
The main spending is for a number of ambitious Projects. The Consultant has to convince the financiers about the feasibility of these Projects and our ability to repay the money.
These are new ways to borrow.
No one is thinking of curtailing wasteful expenditure.
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