Business Standard

Kerala Budget raises spending by 14% despite tough fiscal situation

A Comprehensive Family Health Insurance Scheme was announced and Rs 800 crore earmarked. Total allocation in health and education is around Rs 4,000 crore each

Thomas Isaac

We hope that proper implementation of the system could bring in full benefits of the new tax regime: Thomas Isaac, finance minister, Kerala

Gireesh Babu Chennai
The government of Kerala has decided to levy a ‘flood cess’ and to increase prices of liquor, to contain its revenue deficit and support rebuilding in the wake of last year's heavy flooding.

In addition to property loss, the estimated income loss from the floods of August 2018 is Rs 25,000 crore.

Finance Minister T M Thomas Isaac presented his 10th annual Budget st the state assembly on Thursday, for total outlay of Rs 1.42 trillion. He said the fiscal condition was a challenge. To address this and for various other aims, the flood cess is being levied for the first time

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First Published: Jan 31 2019 | 10:15 PM IST

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