Kerala's Financial Resilience: Debunking Bankruptcy Claims
Former Kerala Finance Minister K N Balagopal refuted A K Antony's claim that Kerala is bankrupt. Balagopal detailed the state's strong financial health, noting government efficiency in implementing promises, maintaining welfare schemes, reducing debt, and increasing revenue. He criticized past UDF administrations for delayed welfare and infrastructure projects.
Devdiscourse News Desk | Thiruvananthapuram | Updated: 14-05-2026 23:02 IST | Created: 14-05-2026 23:02 IST
- Country:
- India
Former Kerala Finance Minister K N Balagopal has dismissed claims by senior Congress leader A K Antony that the state is financially bankrupt.
In a Facebook post, Balagopal asserted that Antony's statements were incorrect, highlighting Kerala's financial stability and effective governance over the past five years.
He praised the outgoing government for meeting manifesto promises and maintaining welfare schemes, while also reducing public debt.
(With inputs from agencies.)
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- Kerala
- finance
- K N Balagopal
- A K Antony
- bankruptcy
- welfare
- revenue
- debt
- government
- state
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