Minister of Finance KN Balagopal stood on Sunday at his booth that the size of the state budget soon touches 2 trillion ₹.
Balagopal, which focused on a press conference, said the annual expenditure in 2024-25 touched Crore 1.75 Lakh. The spending itself in March exceeded 26,000 crore, he said.
The indications are that the state tax revenue (SOTR) would exceed the CRORE 84,000 GBP in the current fiscal. Revenue without tax touched 15,632 GBP Crore, estimated by March 27. These numbers could increase as soon as the final data, he said.
According to Mr. Balagopal, the outflow of the Ministry of Finance touched 92.32% of this fiscal, which is significantly higher than in previous years. In the case of LSG plan only 110%, he said.
Mr. Balagopal quoted this data to refute the accusation that the LDF government reduced the size of the plan by half. He said it was true that the government “favored” expenses. The data also suggests that the state closes on the size of the budget 2 trillion ₹.
The cost of sectors
Mr. Balagopal said that the government spent the CRORE 13,082 GBP for pensions for social security and social fund, which was 2,053 GBP more than budget assignments. The 1,012 GBP Crore for the allocation subsidy was 74 Crore and the financial assistance of 1,612 Crore Crore for the patient Kerala State Road Transport Corporation was higher by 676 Crore.
The state government also published the 211 GBP Crore towards the state share for ASHA staff, which was 23 GBP crore than the budget allocation, he said. As announced earlier, three waiting pensions in social security pensions will be issued in the upcoming fiscal, he said.
Published – March 30, 2025 17:44
