CPPR-Centre for Comparative Studies organised an in-house talk on “Political Economy of Kerala’s Fiscal Stress”, delivered by Dr Jose Sebastian, a seasoned writer and a retired senior faculty from Gulati Institute of Finance and Taxation, on August 8, 2019 from 4pm–6pm at CPPR office. Speaking on the persistent fiscal crisis that the Kerala government has been encountering in the last few decades, Dr Jose Sebastian, pointed out that the deterioration of this fiscal health is attributed to the failure of public resource mobilisation and prevalence of non-planned revenue expenditure. Kerala’s coalition politics that thrives on competitive populism and fiscal illusion, along with the methodological limitations and underestimation of Kerala’s fiscal potential have collectively affected the fiscal health of the State.
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