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Searched Tag: finance minister k n balagopal
The 2026-27 Kerala Budget also comes ahead of the Union Budget, which the Union Finance Minister, Nirmala Sitharaman, is scheduled to present on Sunday, February 1, and the tabling of the recommendations of the 16th Finance Commission for the five-year award period from 2026-27

Kerala budget: Massive ₹14,500 crore outlay for social security

January 29, 2026, 10:17 AM - 3 min read

This Budget constitutes the final one of the present Left Democratic Front (LDF) government, since Kerala is scheduled to have the Assembly elections in a few months

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Kerala's tax revenue soars to Rs 77,000 Cr in three years

Kerala's tax revenue soars to Rs 77,000 Cr in three years

May 21, 2024, 01:23 PM - 2 min read

Kerala's tax revenue increased by 60% from Rs 47,000 crore in 2020-21 to Rs 77,000 crore in 2023-24, helping to counteract financial pressures from the central government, according to state Finance Minister K N Balagopal.

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The Kerala state assembly received a report Thursday revealing a significant surge in off-budget borrowings, intensifying tensions between the state government and the CAG

CAG pulls up Kerala again for off-budget borrowings

February 16, 2024, 03:54 PM - 2 min read

According to the report, the state's overall debt, inclusive of off-budget borrowings, stands at Rs. 3,83,267.15 crore. Excluding the GST compensation of Rs. 14,505.31 crore received as a back-to-back loan, the effective total liabilities amount to Rs. 3,68,761.84 crore. The report cautions that continued borrowing could lead to a dangerous accumulation of debt, resulting in increased interest payments for the government.

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