Finance Minister K.N. Balagopal’s 2024-25 Budget will be keenly watched for strategies aimed at mopping up additional resources while maintaining, in the face of financial constraints, the pace on social welfare and development programmes of the Left Democratic Front (LDF) government.
Mr. Balagopal is scheduled to present the Budget in the Assembly on Monday.
As Mr. Balagopal had announced a string of tax increases and cesses in his previous Budget, the general feeling is that he has limited room to manoeuvre on that count this time. In the run-up to the Budget, the government had formed a high-level panel to study “innovative measures” for raising additional resources.
