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Kerala's revenue soars to Rs 77K cr easing strain from centre: Minister

By Business Standard - 6 months ago
The Left government in Kerala has achieved a record revenue increase from Rs 47,000 crore in 2020-21 to Rs 77,000 crore in 2023-24, helping to mitigate financial challenges posed by the BJP-ruled Centre, according to state Finance Minister K N Balagopal. "We've managed a record increase in the state's own revenue even as the Centre financially squeezes us. The state's own tax revenue rose from Rs 47,000 crore in 2020-21 to Rs 77,000 crore in 2023-24," Balagopal said. He pointed out that this represents a 60 per cent increase in the state's own tax revenue over just three years. "Without this increase, Kerala's economy would have collapsed due to the central government's anti-state policies." The minister also noted that the state government is doing everything it can to handle the crisis caused by the Centre's reduction in tax allocations and debt limits. Balagopal, who is also a senior CPI(M) leader, said that Kerala successfully brought national attention to the Centre's alleged

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