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Finance ministry makes presentation on states' fiscal health at all-party meet, regional parties object

During the meeting, finance ministry officials spoke of certain states' budgeted and non-budgeted borrowings to underline their fiscal stress, prompting regional parties to say that this was a platform to discuss the Lankan crisis and not the fiscal condition of states

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A presentation by the Union finance ministry on the financial health of states during an all-party meeting on the Sri Lankan crisis saw some regional parties such as the YSR Congress, the TRS and the DMK raising objections, sources said on Tuesday.

During the meeting, finance ministry officials spoke of certain states' budgeted and non-budgeted borrowings to underline their fiscal stress, prompting regional parties to say that this was a platform to discuss the Lankan crisis and not the fiscal condition of states. Some leaders claimed that the Centre's GDP to borrowing ratio is higher than any state.

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