Govt plans to increase revenue by minimizing costs and collecting tax

Saturday 13 July, 2024 | 2:05 AM READ MALAYALAM VERSION

THIRUVANANTHAPURAM: The government is stepping away from the practice of blaming financial crisis when schemes like welfare pensions stop by finding more income. The project cost will be reduced and tax collection will be strengthened. Along with this, the service charge will increase.

Revenue must be raised to clear the accumulated arrears in various sectors.

It was also realized in the parliamentary elections that by blaming the Centre alone, the people would turn.

At least Rs 20,000 crore more must be found to hold on for the time being. Kerala is confident that the third Modi government will not be more strict. As allied parties have influence in government, the approach towards the state could be more lenient.

Through financial package or loan limit relaxation, the government can find at least half of the amount. Rs 15,000 crore is left in the loan limit. It will be needed to cover the Onam expenditure and the monthly fiscal deficit.

The recommendation of the secretary-level committee is to increase the rate of fee charged for the services provided to the people. But the maximum gain will be less than Rs 300 crores. Moreover, there is concern that it will lead to public anger.

The project cost is Rs 38886.91 crores. Out of this, Rs 8516.91 crore is central share and 8532 crore is local development expenditure. The state share is Rs 21838 crores. Out of this, Rs 6000 crores should be paid as the state's share in central schemes. Reduction can be made only in the remaining 15000 crores. Even if you do that, the government will get less than Rs 10000 crores. As per indications, the higher officials were asked to calculate the possible amount that can be collected from the state and that can be obtained from the Centre.

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