Official Government Baseline ยท 2026

Kerala's Economic
Baseline 2026

A transparent, data-driven look at Kerala's fiscal health based on the official 195-page Status Report commissioned by the Chief Minister. Explore the numbers, analyze the infrastructure challenges, and join the conversation on the path forward.

0 Lakh Cr
Outstanding Liabilities as of March 2026
0 %
Revenue allocated to committed expenditures
0 %
Capital expenditure relative to GSDP
0 Days
Treasury in overdraft during the financial year

Explore the Future of Kerala

Our AI Analyst is trained on the 2026 Fiscal Health Report and broad economic context. Ask questions about the data, infrastructure, and strategies to build a $1 trillion economy.

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Economic Data Analyst
Ready ยท Grounded in official 2026 report
Hello. I am the KeralaFirst AI Analyst. I can help you interpret the 2026 Fiscal Health Report, discuss infrastructure projects like Vizhinjam and SilverLine, and analyze economic strategies. What would you like to know?
AI-generated responses based on the 2026 Status Report and general economic context. Not official financial advice.

Inside the 2026 Status Report

A summary of the core findings from the 195-page document prepared by the expert committee led by K.M. Chandrasekhar.

01

Treasury Operations & Cash Management

Detailed analysis of the State's liquidity, noting significant reliance on the RBI's overdraft facility to manage day-to-day expenditure due to mismatch in inflows and outflows.

02

Budget Framework & Fiscal Rules

An assessment of revenue deficits and adherence to the Fiscal Responsibility Act, highlighting structural challenges in balancing revenue receipts with committed spending.

03

Infrastructure Investment (KIIFB)

An evaluation of KIIFB's role in funding infrastructure outside the standard budget, and the long-term implications of servicing debt via dedicated state revenue streams.

04

Public Sector Enterprises

Financial performance review of Kerala's 100+ PSUs, focusing on the budgetary impact and turnaround requirements for major entities like KSEBL and KSRTC.

05

Development & Capital Expenditure

Data showing capital expenditure standing at 1.3% of GSDP, underlining the need to shift borrowing utilization from consumption toward productive asset creation.

06

Federal Fiscal Relations

The impact of external factors on the State's operating environment, including the cessation of GST compensation and changing Finance Commission devolution formulas.

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Official Government of Kerala Document
Commissioned by the Chief Minister ยท Prepared by an expert committee ยท 2026

Download the Full Report

Access the complete 195-page document for an unvarnished look at the data. This is the official baseline assessment of the State's fiscal health.

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Kerala's Fiscal Health

A Status Report ยท 2026