India News: Kerala Finance Minister K N Balagopal rejects Nirmala Sitharaman's claims on financial allocations to the state, calling them baseless. Read more to know the details.
Kerala FM presents revised Budget sans tax proposals
June 04, 2021
Kerala Finance Minister KN Balagopal presents the revised State Budget in the Legislative Assembly in Thiruvananthapuram on Friday - PTI
Kerala Finance Minister KN Balagopal presents the revised State Budget in the Legislative Assembly in Thiruvananthapuram on Friday - PTI×
Unveils action plan to fight feared Covid third wave
Kerala Finance Minister KN Balagopal on Friday, revising the proposals of predecessor Thomas Isaac during the first Pinarayi Vijayan government, presented a tax-free Budget for 2021-22 even as it was grounded on a ‘firm resolve to fight an ongoing health emergency.’
Balagopal projected a cumulative deficit of ₹1,866.79 crore at the end of the financial year after he announced additional expenditure of ₹1,715.10 crore. Revenue deficit is expected to balloon to ₹16,910.12 crore while capital expenditure may nosedive during the pandemic year by as much as ₹12,546.17 cr