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Realistic guarantees or empty promises?
February 08, 2025
|The New Indian Express Kochi
DOES Finance Minister K N Balagopal's budget calculations add up, or is he offering empty promises that are reliant on the economy's robustness and tax-collection efforts?
The budget document outlines an impressive increase in revenue receipts, aiming for ₹1,52,351.67 crore (BE) in 2025-26, up from revised estimates (RE) of ₹1,32,929.80 crore for 2024-25. However, a significant shortfall of ₹6,000 crore was reported between the budget estimates (BE) and RE for FY25.
The minister's optimism hinges on substantial growth in the state's own tax revenue, projected to rise to ₹91,514.75 crore from ₹81,627.29 crore (RE) in FY25. Non-tax revenue is also expected to increase to ₹19,145.53 crore from ₹17,905.65 crore (RE) in FY25.
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