K.N. Balagopal asserts Kerala's strong financial position, countering claims of an empty treasury by the outgoing LDF government.
K.N. Balagopal, Kerala’s outgoing Finance Minister, has refuted senior Congress leader V.D. Satheesan’s stand that the United Democratic Front (UDF) is inheriting an empty treasury from the CPI(M)-led Left Democratic Front (LDF).
Speaking to The Hindu, Mr. Balagopal said Kerala is in a comfortable position financially. Fiscal indicators including the State’s revenue, fiscal deficit and debt testify to this, he said.
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