AG’s figures for first quarter expose UDF White Paper claims: K.N. Balagopal
Former Finance Minister K.N. Balagopal claims that recent Accountant General figures on state revenue growth vindicate the previous LDF government's fiscal policies. He argues these figures contradict the UDF government's 'White Paper' claims regarding the state's financial health.
Why it matters
This reflects ongoing political tension and debate over fiscal management and economic performance in Kerala.
The Accountant General’s (AG) figures on State finances for the first quarter of 2026-27 demolishes the arguments in the White Paper on Kerala’s fiscal health published by the UDF government, senior CPI(M) leader and former Finance Minister K.N. Balagopal has said.
Of the ₹1,69,646 crore total revenue receipts expected in 2026-27, the treasury has already received ₹33,311 crore during the first quarter (April, May and June). Of this, goods and services tax (GST) alone accounts for ₹28,059 crore.
Since the UDF government took over only in May, the real reasons for this revenue increase are the measures adopted by the previous LDF government for restructuring the State GST department and the IT-based measures for plugging tax leakage, Mr. Balagopal said.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in