Thiruvananthapuram, June 4 (IANS) Kerala’s new government has inherited a severe financial challenge, with the state facing outstanding liabilities of Rs 5.07 lakh crore, committed expenditure eating up 77 per cent of total revenue receipts, and interest payments alone consuming nearly 21 per cent of revenue, according to the White Paper on the state’s finances tabled in the Assembly on Thursday.The Status Report on Kerala’s fiscal health, presented by Chief Minister V.D. Satheesan, said t…
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