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The finance minister said that since 2016, KIIFB has spent around Rs 30,000 crore on development of which about Rs 20,000 crore was spent during the second LDF government's tenure.
Balagopal highlighted that Kerala, which has been grappling with the aftermath of repeated floods and the COVID-19 pandemic, is facing significant liquidity stress.
He pointed out that this represents a 60 per cent increase in the state's own tax revenue over just three years.
Though tax revenues looked fairly good in 2023-24, Kerala's total revenue receipts fell nearly 20% of the Budget estimate.
CAPT printed 25 lakh posters, 96.35 lakh copies of letter written by the Chief Minister, and 96.35 lakh brochures for the campaigns of the Nava Kerala Sadas.
The minister had expressed his displeasure over the inadequate allocation for the department in the budget.
Finance Minister K N Balagopal on Monday allocated an amount of Rs 90.52 crore for various activities of the Kerala Startup Mission.
Finance Minister K N Balagopal announced the decision as he resented the state budget on Monday.
According to Congress MLA Mathew Kuzhalnadan, the largest chunk of Rs 28,400 crore of the Rs 57,000 crore claimed by the state finance minister was only a "wish list".
Several departments do not have funds to disperse pensions and other benefits to the poor and provide essential items to the citizens.