Finance Minister K.N. Balagopal presented the budget for the financial year 2022- 23 in the Assembly today at a time when the government faces a challenge in increasing revenue, spurring economic growth, and tackling the State’s mounting debt liabilities.
Mr. Balagopal accepted a printed copy of the budget from A. T. Shibu, Director of Printing, before the presentation of the State budget.
Speaking to reporters before setting out for the Assembly, Mr. Balagopal said: “It is a budget that lays the ground for Kerala’s long-term development. The budget aspires to tackle inflation and strives not to burden citizens. It is a complicated situation globally. The government hopes to do its best in the given circumstances. The budget emphasised infrastructure development to spur economic growth. Politics apart, I hope the opposition also supports the budget in the paramount interest of the State”.
