Sunday, May 25 2025 | Time 20:57 Hrs(IST)
States » SouthPosted at: May 25 2025 4:14PM


Kerala's share of Central revenue shrinking: FM KN Balagopal

Thiruvananthapuram, May 25 (UNI) Kerala's share of Central revenue has been steadily shrinking, Finance Minister KN Balagopal has said.
In 2016-17, the state's revenue stood at Rs 75,612 crore, of which Rs 23,735 crore (32 percent) came from the Central Government, the Minister said.
By 2020-21, this increased to Rs 42,629 crore (44 percent). However, the decline began soon afterward with Rs 47,837 crore (41 percent) in 2021-22, Rs 48,230 crore (36 percent) in 2022-23, Rs 33,811 crore (27 percent) in 2023-24, and just Rs 33,397 crore (25 percent) in 2024-25.
"Compared to 2020-21, this marks a nearly 20 percent drop. According to the Accountant General's preliminary estimates, by January 2025, Kerala had received Rs 2,942.29 crore less from the Centre than in the previous year."
Kerala's resilience stems primarily from a significant increase in its own revenue. In 2011-12, the state's tax revenue stood at Rs 25,718 crore. By 2016-17, during the first year of the Pinarayi government, this had risen to Rs 42,176 crore.
The trend continued, reaching Rs. 47,661 crore in 2020-21. Under the current LDF government, tax revenue increased to Rs 8,341 crore in 2021-22, Rs 71,968 crore in 2022-23, and Rs 74,329 crore in 2023-24.
For the ongoing fiscal year (2024-25), revenue is projected at Rs 81,627 crore, with a target of Rs 91,515 crore for the next financial year.
Non-tax revenue has also seen substantial growth. In 2011-12, it stood at Rs 2,592 crore, rising to Rs 9,699 crore by 2016-17.
Though it dipped to Rs 7,372 crore in 2020-21, the current government managed to raise it to Rs 10,463 crore in 2021-22, Rs 15,118 crore in 2022-23, Rs 16,346 crore in 2023-24, and subsequently to Rs 17,906 crore in 2024-25. The target for 2025-26 is Rs 19,145 crore.
UNI DS BD
Tags: #Kerala's share of Central revenue shrinking: FM KN Balagopal
More News

Hyd: OU inaugurates state-of-the art classroom complex with CSR funds by Singareni

25 May 2025 | 8:30 PM

Hyderabad, May 25 (UNI): The Department of Electronics and Communication Engineering (ECE), University College of Engineering, Osman University(OU), inaugurated its new state-of-the-art classroom complex here on Sunday .

see more..
Kerala BJP to launch year-long campaign against CPM misrule: Rajeev Chandrasekhar

Kerala BJP to launch year-long campaign against CPM misrule: Rajeev Chandrasekhar

25 May 2025 | 8:07 PM

Thiruvananthapuram, May 25 (UNI) Kerala BJP will launch a year-long series of protest programmes aiming to expose the misgovernance, corruption, and policy failures of the CPI(M)-led LDF government in the State from May 26, Party President Rajeev Chandrasekhar said on Sunday.

see more..
Kerala rains: One killed, uprooted tree disrupts train movement

Kerala rains: One killed, uprooted tree disrupts train movement

25 May 2025 | 7:56 PM

Kannur, May 25 (UNI) A 64-year-old man was killed on Sunday when a coconut tree fell on his moving scooter at Villipallay near Vadakara, following heavy rains in this northern Kerala district over the past two days.

see more..
AP: Two workers killed in quarry lorry collision

AP: Two workers killed in quarry lorry collision

25 May 2025 | 7:48 PM

Kakinada, May 25(UNI) Two workers were killed when two laterite quarry lorries collided, head on, with each other near Vanthada village outskirts in Prathipadu mandal in the wee hours of Sunday, police said .

see more..

Massive membership drive launched to unite one crore BC activists in Telangana

25 May 2025 | 7:37 PM

Hyderabad, May 25 (UNI) In a major step toward strengthening the political and social unity of Backward Classes (BCs) in Telangana, the BC Rajyadhikara Samiti formally launched a grand membership registration drive aimed at enrolling one crore BC activists.

see more..