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The Hindu
The Hindu
National
The Hindu Bureau

Finance Minister K.N. Balagopal announces additional Budget outlay of ₹129 crore

Finance Minister K.N. Balagopal on Wednesday announced an additional outlay of ₹129 crore, including ₹70 crore more for civil supplies, in the State Budget for the 2024-25 fiscal.

The allocation for civil supplies has been hiked from ₹1,930.88 crore to ₹2,001 crore. The State Budget presented by Mr. Balagopal on February 5 had reportedly drawn flak from the CPI, which handles the portfolio, for insufficient allocation for Food and Civil Supplies department.

Mr. Balagopal, in his reply to the general discussion on the Budget, also announced that the allocation for the Kerala Farmers’ Welfare Fund Board will be raised to ₹120 crore. Further, Mr. Balagopal announced ₹2 crore for a revolving fund for the restoration of converted paddy fields. Both demands had emerged during the discussion on the Budget this week.

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