THIRUVANANTHAPURAM: As the state is facing severe financial crisis, the government needs Rs 8500 crore for paying salary, bonus. advance, festival allowance and others pensions. The expense will increase as Onam nears. Including current liabilities, the state needs Rs 500 crore extra. Total Rs 9000 crore. The liability will increase if financial assistance is to be provided to KSRTC.
Rs 1000 crore loan was taken last week. Rs 3000 crore more will be taken this week. As the central government has reduced the borrowing limit, the government is worried about how to find more money. Rs 5500 crore is required for salary and pension alone. Rs 900 crores to pay bonus, holiday allowance and advance based on last year's rates. Social security pension should be paid to 52 lakh people at an average of Rs 3200 per month including one month's advance. Rs 2100 crores is needed for this.
The state has been unable to borrow even for need as the Centre has tightened the control over loans. A decision may be taken on Monday regarding the bonus, holiday pay and advance of government employees.