केरल राज्य बजट 2022-23 विश्लेषण

मुख्य बातें

• Revenue receipts rose to Rs 1,18,500 crore with own tax revenue at Rs 69,200 crore reflecting robust GST collections and consumption growth.
• Fiscal deficit at 3.6% of GSDP at Rs 35,200 crore continued the elevated borrowing trajectory despite revenue improvements.
• Total outstanding debt crossed Rs 3,65,000 crore with debt-to-GSDP ratio at 37.2%, prompting RBI and CAG warnings about fiscal sustainability.
• Education spending exceeded Rs 28,000 crore including digital education expansion and school building modernisation under KIIFB.
• Healthcare spending maintained the expanded family health centre network at over 1,000 centres across all 14 districts.
• Pension expenditure for government retirees and 6.2 million social security beneficiaries combined exceeded Rs 32,000 crore.
• Interest payments at Rs 26,600 crore consumed 22% of revenue receipts, the heaviest debt service ratio among major states.
• The CAG flagged KIIFB's cumulative borrowing of Rs 35,000 crore as off-budget liabilities not captured in fiscal deficit calculations.
• Rubber prices moderated to Rs 160-170 per kg from 2021-22 peaks but remained above long-term averages.
• IT sector employment crossed 170,000 with startup ecosystem producing several funded companies in SaaS and fintech.
• Market borrowings of Rs 42,000 crore set a new annual record for Kerala as the structural deficit persisted.
• Capital expenditure at Rs 17,200 crore included Vizhinjam port commissioning preparations and Kochi Metro extension.
• Tourism earnings crossed Rs 40,000 crore as international arrivals recovered to near pre-pandemic levels.
• Liquor revenue through Bevco and excise contributed Rs 18,000 crore, the single largest own-revenue source.