Budget

Budget at a glance

Cumulative deficit for 2017-18 will be Rs. 1688.42 crore

Revenue deficit exceeds 16000 crore. Current year to end in deficit.

Assembly passes Finance Bill

Kerala Finance Minister T. M. Thomnas Isaac replying to the debate on thef Finance Bill on Nov. 7The Assembly on Monday passed the Kerala Finance Bill, which gives effect to the taxation proposals in the Budget for the current year.

The Bill, reported by the Subject Committee, proposes to impose a five per cent duty on conveyance of property by way of amalgamation of companies on the recommendation of the committee.

Kerala Assembly passes Appropriation Bill pertaining to supplementary expenditure

Thiruvananthapuram: Education Minister C. Raveendranath said that plans for investments outside the Budget would boost revenues.

Replying to the debate on the Kerala Appropriation (No. 3) Bill pertaining to supplementary expenditure for the current year, the Minister said that five times more investment than through Budget was planned from Kerala Infrastructure Investment Fund.

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