Thiruvananthapuram, June 19 -- Keralam Chief Minister VD Satheesan on Friday said the state's fiscal position remains "very vulnerable" even as the government seeks to push private investment and strengthen development and welfare spending under the 2026-27 State Budget.

Speaking on the state's financial condition, CM Satheesan said there was no immediate plan to privatise public sector units, but acknowledged structural constraints in development spending.

"There is no mention in the budget that we are going to privatise any public sector, but the government's fiscal situation is very vulnerable," he said.

He further noted that limited fiscal space was affecting developmental priorities in the state.

"We only have 23% of the money fo...