The 2024-25 Interim Budget, to be presented by Union Finance Minister Nirmala Sitharaman on Thursday, will be keenly watched by Kerala which is locked in a running battle with the Centre over cuts in tax share and borrowing limit and the idea of cooperative federalism.
Several of the demands on the State’s wish-list presented ahead of Ms. Sitharaman’s 2023-24 Budget remain unattended. They include increasing the shareable portion of the Goods and Services Tax (GST) from the current 50:50 ratio to 60:40 in favour of the States, and a a more flexible approach to centrally sponsored schemes with enhanced central share.
Also read: How is the interim Budget different from Annual Budget? | Explained
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