Kerala's fiscal structure is under severe strain, burdened by ₹5.07 lakh crore in liabilities and high committed expenditures.

Kerala CM V.D. Satheesan presents a White Paper on state finances, sparking debate with dissent from former Finance Minister Balagopal.

Kerala's fiscal structure is under severe strain, burdened by ₹5.07 lakh crore in liabilities and high committed expenditures.

Kerala faces a severe fiscal challenge. Total outstanding liabilities have surpassed Rs 5.07 lakh crore. Unpaid dues and deferred payments now stand at nearly Rs 49,000 crore. …