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’
According to a CMO statement, the committee will be headed by former Cabinet Secretary K.M. Chandrasekhar. Additional Chief Secretary (Finance) K.R. Jyothilal has been appointed as convener
State spent Rs. 1.1 lakh crore in 2025-26 under these heads