The Economic Times

Kerala CM Satheesan tables white paper, flags debt burden; Opposition hits back

Kerala's budgetary practices are facing intense analysis. A recent white paper discloses staggering liabilities amounting to 5.07 lakh crore, which notably exceed the national norm. A hefty chunk of revenue is allocated to salaries, pensions, and interest payments, leaving scant room for development expenditures that are crucial for public services. Additionally, public sector units present a constant financial challenge.