Kerala faces burden of ₹5.07-lakh crore liabilities; fiscal structure under ‘serious’ strain, says White Paper tabled by CM

Kerala faces a ‘large burden’ of outstanding liabilities (₹5.07 lakh crore), committed expenditures (77% of total revenue receipts - TRR), and interest payments (20.9% of TRR), notes the document titled ‘Kerala’s Fiscal Health: A Status Report’ ...