Thomas Issac
Thomas Issac

Kerala Budget for 2020-21 to be presented today

Agency News

Thiruvananthapuram, Feb 7: Kerala Finance Minister Dr Thomas Isaac will present the State Budget for the financial year 2020-2021 in the State Legislative Assembly on Friday.

As Kerala's Central taxes share was reduced to Rs 15,236 crore in 2020-21 compared to Rs 17,872 crore last year, it is expected that the Finance Minister will announce additional resource mobilisation to the tune of Rs 5,000 crore citing economic slowdown and reduction in the Central tax. According to the 15th Finance Commission’s interim report, Kerala's share of the Central tax will be reduced to 1.9 per cent from the existing 2.5 resulting a net loss of Rs 4,300 crore.

The general discussion on the Budget proposals will take place on February 10, 11 and 12. This is the 18th session of 14th Kerala Legislative Assembly. UNI