Last updated:07 February 2025, 19:35 ist

Kerala budget: Revenue income estimated for the year 2025-26 is Rs 1.52 351.67 crore and revenue expenses is Rs 1.79,476.20 crore

The state government has earmarked RS 750 crore for the first phase of rehabilitation of landlighter in Wayanad. (Pti -file)

Kerala Finance Minister Kn Balagopal on Friday said the state has overcome serious financial restrictions when presenting the budget.

Balagopal said: “I like to announce that we have overcome the trial times for serious financial restrictions that had affected the state in recent years. Even during these difficult times, we could proceed with development and welfare activities without much obstacle. It has become clear that our state is in line with a significant reduction in fiscal difficulties in being in a much better fiscal position in the coming years. “

He added that the state did not deter itself from reality in the tax problems, and the government openly acknowledged it to the people of Kerala and sought solutions.

The revenue estimated for the year 2025-26 is RS 1.52 351.67 crore and revenue expenses is RS 1.79,476.20 crore.

The highlights

• RS 750 Crore has been earmarked for the first phase of rehabilitation of landslides in Wayanad.
• In order to strengthen the cyberving, Rs 2 crore has been allocated.
• To counteract questions about wildlife, besides the special package, another RS ​​50 is earmarked.
• The state is looking at producing bioethanol in Kerala. Rs 10 crore is earmarked for the preliminary work.
• RS 50 crore is earmarked to make Kerala a health turism hub. This is to improve basic facilities and also for marketing.
• As part of the revenue generation, there is a review of court fees. The state expects RS 150 crore in additional revenue.
• The Finance Minister has also announced several infrastructure projects in view of the port of Vizhinjam. Many roads connecting the port from different districts were also announced.
• Soil tax rates in all existing plates will be increased by 50% to improve revenue to the government from land. Consequently, the speed of the lowest plate will be increased from Rs 5 per is (means 2.5 cents) per year to Rs 7.5 per year and that in the highest plate will be increased from Rs 30 per year to Rs to Rs 45 Per is per year. Additional revenue of Rs 100 crore is expected of this.
• The government has decided to raise road tax on private two -wheeler, tricycles and private motor cars over 15 years by 50%. The total revenue from private vehicles is currently Rs 110 crore per year. With this, the state will receive Rs 55 crore.
• The lifetime road tax for electric vehicles, which is now being taken out to 5%, will be rationalized based on the cost of the electric vehicle.
• For electric vehicles that cost over RS ​​15 Lakh, the tax rate will be 8% of the vehicle cost.
• For electric vehicles that cost Rs 20 lakh and higher, it will be 10% of the vehicle cost.
• Electric cars with a battery sewage plant will be taxed at 10% regardless of the cost of the electric vehicle. By this increase in tax, additional revenue of Rs 30 crore is expected.

Opposition attack

At the same time, the opposition said that it is an eye -wink budget.

Opposition leader CEO Satheesan said that the finance minister presented the farewell budget for the Pinarayi Vijayan government.

MK Muneer, MLA and Muslim League leaders, said: “It’s an Eyewash budget. The tax is high. How can the ordinary man carry this? The usual man suffers. “

Against Muleleedharan, former leader of MOS and Bharatiya Janata Party (BJP), said that the annual budget for the state government is a repetition of many announcements made in previous years, which have not been implemented.

Muleleedharan said: “Every year the same announcements occur. In some cases, these announcements are limited even before the financial year ends. The state government and the party leading the government made many announcements during the last election. They said that the welfare pension will be increased to SEK 2,500. There is no announcement about it. “

Muleleedharan added that the state government, on the one hand, goes entirely against national interest, for example to increase taxes on electric vehicles. He said: “All over the world there is a transition to green energy – fossil fuels to electric. The state government says they will increase taxes for electric vehicles. “

Place:

Kerala, India, India