The Central government’s “financial embargo” on Kerala and the Opposition’s “disinclination” to wholeheartedly support the ruling front’s fight to restore the State’s federal rights found strong resonance in Finance Minister K.N. Balagopal’s Budget speech in the Assembly on Monday.
Given the strife in Europe and West Asia, the omen of a global economic recession set a grim geopolitical backdrop to Kerala’s financial plan for 2024-25.
The government also appeared to fire the starting gun for the Lok Sabha election campaign by harping about Kerala’s prospective emergence as a sunrise economy.
