Kerala govt’s White Paper on fiscal health seeks revamp of loss-making public sector enterprises
The Kerala government's new White Paper on fiscal health recommends restructuring or privatizing loss-making public sector enterprises. It also proposes merging the state's liquor distribution and civil supplies corporations to improve fiscal efficiency.
Why it matters
These recommendations address the state's significant financial liabilities and signal a potential shift in economic policy regarding state-owned assets.
A revamp of Kerala’s loss-making public sector enterprises (PSE), with a suggestion that ‘non-strategic’ PSEs may be considered for “disinvestment, privatisation, or closure in cases where they are potentially non-viable,” forms part of the key recommendations in the UDF government’s White Paper on Kerala’s fiscal health.
The article reports on government policy proposals without editorializing the fiscal strategy.
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