Leading economists have highlighted the need to mobilise additional resources by improving the efficiency of tax collection, controlling expenditure and recovering tax arrears to pull Kerala out of the present financial predicament in a structured manner.
The suggestions came at a seminar on ‘State of state finances’ organised by the Kerala Economic Association (KEA) and Gulati Institute of Finance and Taxation (GIFT) on Friday in the run-up to the budget 2024-25.
Presenting a paper on ‘Crisis in Kerala’s Public Finance: Some remedial measures,’ K.P. Kannan, Honorary Fellow, Centre for Development Studies (CDS), recommended a set of short-term measures for mobilising additional revenues.