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Kerala Budget โ€” 2019-20 vs 2022-23

Year-over-year budget comparison showing how Kerala's fiscal priorities have changed

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Budget Growth โ€” 2019-20 vs 2022-23

Total Expenditure

2019-20

Rs 1.34 lakh crore

2022-23

Rs 1.7 lakh crore

2019-20 is -21.4% lower
Total Receipts

2019-20

Rs 95,200 crore

2022-23

Rs 1.19 lakh crore

2019-20 is -19.7% lower
Capital Expenditure

2019-20

Rs 12,500 crore

2022-23

Rs 17,200 crore

2019-20 is -27.3% lower
Tax Revenue

2019-20

Rs 55,800 crore

2022-23

Rs 69,200 crore

2019-20 is -19.4% lower
Fiscal Deficit (% GDP)

2019-20

3.5%

2022-23

3.6%

2019-20 is -2.8% lower
Interest Payments

2019-20

Rs 18,400 crore

2022-23

Rs 26,600 crore

2019-20 is -30.8% lower

Receipts & Expenditure โ€” Year-over-Year Change

Particulars2019-202022-23Difference
Total ReceiptsRs 95,200 croreRs 1.19 lakh crore-19.7%
Tax Revenue (Net)Rs 55,800 croreRs 69,200 crore-19.4%
Non-Tax RevenueRs 6,800 croreRs 7,800 crore-12.8%
Total ExpenditureRs 1.34 lakh croreRs 1.7 lakh crore-21.4%
Revenue ExpenditureRs 1.21 lakh croreRs 1.53 lakh crore-20.7%
Capital ExpenditureRs 12,500 croreRs 17,200 crore-27.3%
Interest PaymentsRs 18,400 croreRs 26,600 crore-30.8%
Fiscal DeficitRs 25,200 croreRs 35,200 crore-28.4%
Fiscal Deficit (% of GDP)3.5%3.6%โ€”
Debt-to-GDP Ratio34.4%37.2%โ€”

How Has Kerala's Budget Changed from 2022-23 to 2019-20?

Comparing budgets across years helps track fiscal consolidation progress, shifts in spending priorities, and revenue growth patterns. The gap between Budget Estimates and Revised Estimates is a key indicator of fiscal discipline and realistic projection capability.

Capital expenditure trends show the government's commitment to infrastructure development, while revenue expenditure patterns indicate recurring obligations like salaries, pensions, and interest payments. A rising capital-to-revenue expenditure ratio generally signals productive spending.

Explore the full 2019-20 budget analysis or view all available comparisons.

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