Kerala fiscal condition not looking good, lowest growth in 3 decades: Issac

State FM says trend may continue in FY20, expenditure can't be curbed since Kerala is yet to fully recover from aftermath of floods; govt pegs loss at Rs 15,000 cr

Kerala Finance Minister TM Thomas Isaac
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Kerala Finance Minister TM Thomas Isaac

T E NarasimhanGireesh Babu Chennai
Kerala Finance Minister Thomas Isaac said on Thursday, January 31, that the state's fiscal condition was not looking good, with growth likely to be the lowest in three decades.

In his Budget speech today, Isaac said the trend is expected to continue in 2019-20 as well, as the state cannot curtail expenditure since it is yet to fully recover from the aftermath of the floods. 

However, the minister maintained an optimistic view and looked towards fiscal consolidation. The state's finance ministry hopes that the pursuit of a 30 per cent growth in tax revenue and proper implementation of the Goods

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First Published: Jan 31 2019 | 12:31 PM IST

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