The political gloves are off in Kerala! The new UDF government, led by Chief Minister V.D. Satheesan, has dropped a blistering 'White Paper' on the state’s finances, targeting former CM Pinarayi Vijayan’s LDF administration. From a staggering ₹5.07 lakh crore public debt to claims that 77% of revenue is swallowed by operational costs, the UDF paints a devastating picture of chronic treasury stress and Left misrule. The report takes direct aim at Pinarayi’s crown jewel, KIIFB, labeling it a "structural illusion" marred by high borrowing costs and regional favoritism toward Kannur. Meanwhile, Pinarayi Vijayan has hit back, slamming the document as a "politically motivated hit-job."