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“State facing big ways and means problem”

Special Correspondent

THIRUVANANTHAPURAM: The State Government is headed for a severe ways and means problem in the later half of this financial year due to an unexpected downtrend in receipts from the National Savings Scheme, Finance Minister T.M. Thomas Isaac has said.

At a press conference here on Tuesday, the Minister said the State’s finances relied quite a lot on the borrowings possible from the National Savings Scheme. This year’s Budget had put the expectations at the level of Rs.2,700 crore.

However, if the trend so far during the year is any indication, no amount would be forthcoming from this source.

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