The Centre on Thursday released ₹4,122.27 crore to the State as GST (Goods and Services Tax) compensation dues through a special borrowing arrangement.The announcement came just hours after Finance Minister K. N. Balagopal met Union Finance Minister Nirmala Sitharaman in New Delhi to seek a speedy release of the amount.The ₹4,122.27 crore is part of ₹75,000 crore released by the Finance Ministry to States and Union Territories on Thursday under a back-to-back loan facility in lieu of GST compensation.The money released to Kerala and other States is raised through Centre's borrowings in five- and two-year securities. Following the GST Council meeting in May this year, it was decided that the Centre would borrow ₹1.59 lakh crore and release it on a back-to-back basis to address the delay in compensation payment caused by cash shortage in the GST compensation fund.