Ex-Kerala Finance Minister Thomas Isaac questions UDF’s ‘empty treasury’ claim
Former Kerala Finance Minister T.M. Thomas Isaac has challenged the UDF government's assertion of inheriting an empty treasury from the previous LDF administration. He highlighted that the cash balance was approximately ₹6,000 crore when the UDF took power and questioned the government's ability to allocate funds for social welfare if the treasury was indeed empty. Isaac also called for clarity on the recovery of state revenue arrears and GST revenue from gold sales in the upcoming White Paper on state finances.
- ▪T.M. Thomas Isaac questioned the UDF's claim of an empty treasury inherited from the LDF government.
- ▪He stated that the cash balance was around ₹6,000 crore when the UDF came to power.
- ▪Isaac emphasized the need for the White Paper to clarify recovery plans for state revenue arrears and GST revenue.
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Communist Party of India (Marxist) leader and former Minister for Finance T.M. Thomas Isaac has questioned the United Democratic Front (UDF) government’s claim of “inheriting an empty treasury” from the Left Democratic Front (LDF) government.“The UDF government should be willing to disclose the cash balance when it came to power,” Dr. Isaac said, pointing out that Minister for Finance in the LDF government K.N. Balagopal had stated that the cash balance was approximately ₹6,000 crore. Kerala’s UDF govt. forms expert panel to prepare White Paper on State financesReferring to Chief Minister V.D. Satheesan’s remarks that the UDF had inherited a treasury “so empty that a cat and her newborns had made it their home”, Dr.
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