Budget

Economic revival package to address challenges to growth

Kerala Finance Minister T. M. Thomas Isaac presenting the revised Budget for 2016-17 in the Assembly on July 8Finance Minister T. M. Thomas Isaac announced an economic revival package of Rs. 12000 crore in his revised Budget for the current year presented to the Assembly on Friday, with view to face the current and emerging challenges to growth.
The investment package will be used solely for capital expenditure in building of major roads, bridges, buildings and parks.  Of this, Rs. 2500 crore is to be expended this financial year itself. An additional Rs. 8000 will be required by the end of the year for land acquisition and thus about Rs. 20000 crore will have to be mobilised.

Fiscal strain will be eliminated in three years: Finance Minister

Thomas Isaac and ACS (Finance) K. M. AbrahamThe financial position of the State will take three years to stabilise, Finance Minister T. M. Thomas Isaac said here on Friday.
Addressing the media immediately after presentation of the revised Budget in the Assembly, the Finance Minister expressed confidence that revenues could be increased through modernisation of accounting procedures and strict tax collection initiatives.

Government targets 22 per cent growth in tax revenues

Kerala Finance Minister T. M. Thomas Isaac presenting the revised Budget for 2016-17 in the Assembly on July 8The government proposes to achieve a growth rate of 22 per cent in tax revenue this financial year, Finance Minister T. M. Thomas told the Assembly on Friday.

Presenting the revised Budget for 2016-17, the Finance Minister announced a nine fold strategy to increase revenues.

Kerala’s finances in black and white

Kerala Finance Minister T. M. Thomas IsaacThiruvananthapuram: “The State has been living on a financial lie,” declares the White Paper on State Finances tabled in Kerala Assembly by Finance Minister T. M. Thomas Isaac on Thursday.

The Paper accuses the previous United Democratic Government (UDF) of inflating Plan size and not providing for expenses in the annual budgets.

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