Kerala Budget: Expert panel to look into Kerala Infrastructure Investment Fund Board overhaul

AI Summary

The Kerala Infrastructure Investment Fund Board (KIIFB) is under review by an expert panel due to its reliance on off-budget borrowings at high interest rates. This has pushed Kerala's debt burden past permissible limits, causing serious macroeconomic imbalances.

KIIFB relies on off-budget borrowings at significantly higher interest rates, which has pushed the State’s borrowings and debt burden beyond permissible limits, triggering grave macroeconomic imbalances, says Satheesan