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    <title>Kerala&#039;s public debt growth slows, defying long-term trend, says Minister Balagopal</title>
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    <description>Kerala&#039;s moderated public debt growth stems from limits on state borrowing under federal rules and Central permissions; the state asserts borrowing has remained within legal limits and proportional to economic growth under the Fiscal Responsibility Act, producing a declining debt-to-GSDP ratio as GSDP rises faster than liabilities.</description>
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