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The measures are in the wake of the Centre slashing Kerala's borrowing limits and the severe economic crisis that the State is grappling with
Meanwhile, Finance Minister has been lamenting the Centre's apathy towards the State's financial health.
He said the Centre's move to squeeze fund transfers had already smothered the finances of Kerala.
The expenditure from plan allocation has been revised to 90% of the original size.
Kerala Finance Minister K N Balagopal, who is known to be a sedate and balanced person, surprised his audience when he referred in his budget speech this year to the Russia-Ukraine war in the context of the economic problems it may entail.
This time Balagopal is more realistic. He has estimated only a 25% increase in the state's own tax revenue during 2022-23 fiscal. It has been more than a decade since tax growth touched 25% in Kerala.
Balagopal said that there was nothing in the Budget for Kerala. There was no mention of K-Rail or our longstanding demand for an AIIMS, the minister said.
Finance Minister N Balagopal had told the House that the government would not reduce the sales tax it imposes on fuel and would oppose any attempt to include them within the ambit of GST.
Kerala Finance Minister KN Balagopal raised the demand at his meeting with Union Finance Minister Nirmala Sitharaman in New Delhi
To achieve 6.60 percent growth, the economy that faces greater supply and demand constraints than last year has to grow at over 10 percent.