Presenting a grim financial outlook for Kerala, Chief Minister V.D. Satheesan highlighted the state’s significant fiscal challenges due to mismanagement of public funds. He emphasized the need for corrective actions to restore stability. Satheesan stressed the importance of transparency in revealing the state’s financial status to the public.
Tabling a White Paper on Kerala’s finances in the Assembly, Satheesan clarified that it aimed to inform people about the actual financial condition. The document revealed that the new government inherited pending obligations totaling Rs 48,733 crore as of March 31, 2026. These liabilities include various arrears and pending commitments.
Satheesan pointed out that the figures in the White Paper accurately portrayed the state’s financial reality, emphasizing that political slogans could not mask the situation. He underlined the government’s responsibility to ensure transparency in financial matters and pledged to address the challenges effectively.
The Chief Minister highlighted the state’s borrowing patterns and treasury trends as signs of financial strain. The White Paper indicated a sharp decline in the closing treasury balance, reflecting financial pressures. Satheesan emphasized the need to revisit outdated policies and restructure institutions to steer Kerala towards financial stability.
