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Governor Rajendra Vishwanath Arlekar said the state is facing a cash crunch due to declining share in central fiscal transfers. Arlekar started the budget session of the Assembly on Friday by reading out the policy of the Left government. According to the assembly calendar, the 13th session will run for 27 days from January 17 to March 28.
Thiruvananthapuram. Kerala Governor Rajendra Vishwanath Arlekar said the state is facing a cash crunch due to declining share in central fiscal transfers. Arlekar started the budget session of the Assembly on Friday by reading out the policy of the Left government. In his policy address at the commencement of the 13th session of the 15th Kerala Legislative Assembly, Arlekar said that despite taking “stringent steps” to raise revenue and rationalize expenditure, the state is “facing pressure on government finances”. “
Reading out the policy address prepared by the state government, he said the reason for this was “reduction in revenue deficit grant and cessation of Goods and Services Tax (GST) compensation”. Arlekar said the state government has also highlighted its problems and corrective measures in a detailed memorandum to the 16th Finance Commission. “The government is committed to taking initiatives to build a disaster-resilient Kerala,” he said.
The Governor gave detailed information about the achievements of the state government in various sectors like health, education, agriculture, fisheries and infrastructure and the steps being taken to take them forward. According to the assembly calendar, the 13th session will run for 27 days from January 17 to March 28. The discussion on the motion of thanks on the Governor's address will be held for three days from January 20 to 22. Kerala Finance Minister K. N. Balagopal will present the budget for the financial year 2025-26 in the House on February 7.
Disclaimer: Prabhasakshi has not edited this news. This news has been published from PTI-language feed.
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