It is assumed that Keraly’s own revenues will exceed the Lakh Crore brand 1 in 2025-26, signaling that state finances will continue to renew, despite serious challenges on the fiscal front, said the Minister of Finance KN Balagopal.
Mr. Balagopal said that the financial department expected that generation of internal income, both from its own tax and tax resources, will affect 1.05 lakh crore in the current fiscal fiscal touch. Estimated growth, he said, was the result of improved efficiency in tax collection made possible by comprehensive reworking of the tax department in the goods and services tax regime (GST).
Under the current Indian Communist Party (Marxist), the democratic leading government has caused its own tax revenues (sotr) of the State (SOTR) of 47,661 Crore in 2020-21 to 76,656 Crore in 2024-25. Revenue without tax increased from 7,327 GBP Crore to 16,568 GBP Crore during the same period.
The government, said Mr. Balagopal, managed to pull the state out of central policies caused by “nosedive” as a “take -off” to the next phase. “We have achieved this in a situation where the kerala was deprived of about 50,000 GBP Crore per year to reduce the borrowing space and interrupt the grant with the income deficit and GST compensation,” he said.
Mr. Balagopal said that for tax collection in terms of continuing scope. On the integrated GST (IgST) queue, systemic problems in the mechanism of its settlement with all states have deprived Keral from 956.16 crore. Kerala dealt with the center, said Mr. Balagopal.
Mr. Balagopal said the state expected the CRORE 600 Crore to the Fund for Redemption of the Guarants (GDR). The HDR aimed to cover government guarantees offered for loans used by public sector and cooperative entities. According to Kerala, the center reduced the limit of the state borrowing by another 3,300 GBP this year, when the GDR quoted as a requirement.
Mr. Balagopal also swept away from the report that the debt of the state will affect £ 6 this year. It would increase about 4.7 GBP Lakh crore, but the state was able to reverse the previous trend, where the debt doubled every five years.
As part of the efforts against the tax evasion of the GST State Department, it planned an event against traders/enterprises who avoided taxation by deploying street sellers to sell their products, the Minister said.
“Such practices take advantage of unfair advantages of benefits that real street sellers have,” he said. In May, the SGST department cleared the organized rocket involved in the production and sale of disturbing diesel, he said.
Published – June 20, 2025 20:38
