Kerala's fiscal health white paper reveals a severe debt crisis with outstanding liabilities of ₹5.07 lakh crore and 77% of revenue receipts locked in committed expenditure. The report advocates politically tough reforms like raising the state retirement age to match the Centre's 60 years to save ₹6,000 crore annually per year of extension.
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- ›Kerala's Outstanding Liabilities: ₹5.07 lakh crore
- ›Committed Expenditure: 77% of revenue receipts
- ›Target this Data: Kerala's committed expenditure is 77% of revenue receipts (National average: 46%).
- ›Target this Nodal Body: Kerala Infrastructure Investment Fund Board (KIIFB) – an off-budget borrowing vehicle for infrastructure.
- ›Target this Legal Point: Comptroller and Auditor General (CAG) – Constitutional authority for performance audit of government bodies like KIIFB.
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