Kerala state Finance Minister K N Balagopal has written to Union Finance Minister Nirmala Sitharaman claiming that the state is undergoing a financial crisis as it had not received GST compensation to the tune of Rs 12,000 crore."The financial health of the state has been seriously affected by a reduction in the revenue deficit grant to the tune of around Rs 7,000 crore this year and loss due to stoppage of GST compensation of around Rs 12,000 crore. In addition, the Ministry of Finance has arbitrarily, in the name of off-budget borrowing made a reduction of approximately Rs, 4000 crores in the net borrowing limits of the State. In all the State Government will have to contend with a reduction of Rs 23,000 crore in the financial resources available to it for financing the budget in the current financial year," Balagopa' said in his letter.