The Chief Minister is set to hold a press conference to address the newly tabled financial White Paper, which highlights a severe financial crisis and a debt liability exceeding Rs 5 lakh crore inherited by the new government. The press meet is expected to outline the government’s strategy to overcome these massive financial liabilities while continuing development projects.

The White Paper has triggered intense political debate, with the opposition labeling it a mere “political document” drafted by private agencies while keeping the Finance Department and the CAG in the dark. While the previous administration claimed to have left over Rs 5,000 crore in the treasury, the White Paper paints a grim picture, pointing to massive liabilities, including outstanding Dearness Allowance (DA) and KIIFB commitments.

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Despite opposition protests and allegations of procedural violations, the Speaker cleared the document for presentation, noting it was approved by the Cabinet. As the Chief Minister has personally taken charge of the Finance portfolio, all eyes are now on the upcoming press conference for a detailed roadmap on how the state plans to manage its mounting debt and sustain public welfare.