The State Budget for 2024-25 presented by Finance Minister K.N. Balagopal has commendable proposals for prioritising capital expenditure and asset creation across the State, according to Rudra Sensarma, Professor of Economics at the Indian Institute of Management-Kozhikode, (IIM-K).
He said that State Budget has many announcements for infrastructure development, particularly in the transport and tourism sectors.
“However, Kerala’s own tax revenues are budgeted to rise by only 8.4 % which is insufficient when revenue expenditure is set to grow by 10 %. Clearly, the government needs to increase its efforts for revenue collection,“ Prof Sensarma added.
