Kerala Budget 2024-25: Emphasizing Revenue Mobilization Amid Financial Challenges

Kerala Finance Minister KN Balagopal is set to present the state’s budget for 2024-25 at 9 am, addressing critical financial challenges faced by the Pinarayi Vijayan government. The budget announcement comes against the backdrop of financial strain, and it is anticipated that the government will introduce measures to enhance revenue. In response to alleged financial restrictions imposed by the central government, the budget is expected to explore new avenues for revenue mobilization, reflecting the state’s commitment to sustaining its achievements and fostering development despite limitations.

The government is particularly focused on revenue mobilization and is exploring new sectors to counteract the alleged financial restrictions imposed by the central government. Finance Minister Balagopal expressed confidence that the public would appreciate the budget, emphasizing the government’s commitment to advancing Kerala’s development despite the financial challenges posed by external factors.