Kerala's Left Government Acknowledges 'Huge Financial Crisis' Amid Keraleeyam Celebrations, Casting Doubts on 'Progress'

In a surprising admission, the ruling left government in Kerala has acknowledged facing a "huge financial crisis," as revealed in an affidavit presented to the High Court.

The affidavit was filed in response to a case related to repaying a depositor of the Kerala Transport Development Finance Corporation (KTDFC) Limited.

The government's affidavit stated, "Our state is now passing through a phase of financial constraints. Any monetary benefit has to be allowed within the financial resources available with the government", as reported by NDTV.

However, this submission did not receive a favorable response from the High Court, which questioned whether Kerala was indeed in a state of financial emergency.

Despite admitting its financial challenges, the government pointed out that it had disbursed Rs 8,440.02 crore to KSRTC for various expenditures from 2018-19 to 15 October, 2023.

However, it emphasised that while it supports Public Sector Undertakings, including KSRTC, it is not legally obligated to provide financial assistance for their day-to-day affairs.

This revelation comes amidst the Keraleeyam 2023, a week-long celebration announced by the left government to showcase Kerala's progress, achievements, and cultural heritage to the world, which began on Wednesday.

However, the Congress-led UDF opposition has chosen to boycott the event, alleging extravagant expenditure by the left administration during a period when the state is grappling with a significant financial crisis.