Hike in public expenditure to revive domestic demand need of the hour: Thomas Isaac

Dr Thomas Isaac – Finance Minister, Kerala:

Indian economy in severe recession.

Hike in public expenditure to revive domestic demand need of the hour.

But central govt. refuses to compensate for GST loss due to Covid.

They want states to cut expenditure by Rs 1 L crores . Instead of contra cyclical, a pro cyclical policy.

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