Kerala’s tax and non-tax revenues go up in 2023-24, grants-in-aid dip sharply: AG’s report
The Hindu
Kerala's revenue receipts decline due to drop in grants-in-aid, while tax and non-tax revenues increase, impacting overall fiscal health.
Kerala’s total revenue receipts fell by 6.21% in 2023-24 over the previous fiscal, largely on account of a sharp dip in grants-in-aid from the Centre, indicated a report of the Accountant General (Accounts and Entitlements) tabled in the State Legislative Assembly on Tuesday (January 21, 2025). At the same time, the State’s own tax and non-tax revenues have gone up.
The yearly growth in the Gross State Domestic Product (GSDP) was 11.97%. The outstanding public debt of the State at the end of 2023-24 was ₹2,82,495.30 crore, comprising internal debt (₹2,57,157.92 crore) and loans and advances from the Centre (₹25,337.38 crore), the ‘Accounts at a Glance’ report for the 2023-24 fiscal said.
Bsaed on the quick estimates for 2023-24, the report noted a 6.47% increase in Kerala’s tax revenues and 8.12% increase in non-tax revenues over the previous fiscal. However, grants-in-aid – which represent assistance from the Centre and comprise grants for Centrally sponsored schemes, grants recommended by the Finance Commission, and other grants – fell by 55% over the previous fiscal.
Tax revenues rose by ₹5,843.09 crore, from ₹90,228.84 crore in 2022-23 to ₹96,071.93 crore, in 2023-24. Non-tax revenues went up from ₹15,117.95 crore to ₹ 16,345.96 crore. On the other hand, grants-in-aid fell from ₹27,377.86 crore to ₹12,068.26 crore. Consequently, total revenue receipts slipped from ₹1,32,724.65 crore in 2022-23 to ₹1,24,486.15 crore in 2023-24.
Out of the ₹96,071.93 crore tax revenue, State’s Own Tax Revenue (SOTR) stood at ₹74,329.01 crore, the report noted. SOTR in 2023-24 was higher by ₹2,360.85 crore compared to 2022-23.
After increasing from ₹11,235.26 crore in 2019-20 to ₹31,068.28 crore in 2020-21, grants-in-aid have shown a decreasing trend in recent years. It fell to ₹30,017.12 crore in 2021-22, and ₹27,377.86 crore in 2022-23 before falling to ₹12,068.26 crore now.
The report also noted that 73.36% the revenue receipts of the State government was spent on committed expenditure such as salaries, interest payments and pensions.
Ramanathapuram identifies 145 polling stations as sensitive, ensuring security with paramilitary forces ahead of assembly elections, says DEO.
BJP Puducherry president V. P Ramalingam files nomination for Raj Bhavan, joined by Union Minister Mandaviya and Khushbu Sundar.
History-sheeter 'Thoppai' Ganesh shot dead by police in Chennai after attacking officers during attempted escape.
The government plans to amend the FCRA, introducing new regulations for NGO asset management and accountability for key functionaries.
The draft policy for “Responsible Digital Use Among Students”, released on Monday by the Department of Health and Family Welfare, has recommended that parents set structured routines with clear screen-time rules and prioritise privacy, safety, and open conversation with children on digital well-being.
Police Observer Sushant Kumar Saxena conducts surprise inspection at Shencottai police station, reviewing warrants and security arrangements ahead of elections.
Andhra Pradesh government to launch key projects in April, focusing on industrial growth and infrastructure development, says Nara Lokesh.
Lok Sabha refers the Corporate Laws (Amendment) Bill to a JPC amid opposition concerns over CSR provisions dilution.
SHG members in Kanniyakumari use snakes and ladders to raise election awareness and boost voter turnout.
Government accelerates consultations for early implementation of the Women’s Reservation Act to ensure women’s representation in 2029 elections.
CM A. Revanth Reddy distributes ₹1 crore insurance cheques to families of deceased Electricity department employees, enhancing financial security for workers.
The Bengaluru Traffic Police (BTP) registered 634 cases of drunk driving during a week-long special enforcement drive conducted across the city between March 16 and March 22.
GHMC intensifies action against property tax defaulters, seizing properties and offering a One Time Settlement scheme for payments.