kerala budget

Kerala Budget: A Laudable Effort to Jump the Fiscal Hurdle

THE revised budget of the Kerala government for 2016-17 presented by the finance minister Dr T M Thomas Isaac will be noted for the historic effort it makes to cross the barrier of neoliberal fiscal conservatism. The upper limit of fiscal deficit set for the state government is three percent of the state domestic product (SDP). This cap on borrowings is too debilitating for the state government, especially in view of the mounting revenue deficit of the state.

Kerala Budget Focuses on Social Security, Infrastructure Development

THE road map for tackling the challenges thrown by the global economic slowdown and the crisis in the Gulf was laid out by the Pinarayi Vijayan government in Kerala in its first budget. In what is clearly an aspiration-driven budget, finance minister T M Thomas Isaac has sought to give a big push to infrastructure development using extra-budgetary resources, while attempting to raise tax revenue with better tax administration and fresh imposts and provide a healing touch to vulnerable sections. Traditional industries like coir, cashew and handloom also get focus in the budget.

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