New study urges Kerala govt. pursue measures to improve revenue mobilisation, expenditure efficiency
A new study has recommended that the Kerala government enhance revenue mobilisation and expenditure efficiency. It suggests broadening the tax base and optimising non-tax revenue while addressing the state's fiscal challenges. The study emphasizes the need for innovative financial instruments and a strategic approach to debt management.
- ▪The study urges the Kerala government to explore measures like 'Kerala Diaspora bonds' and municipal bonds.
- ▪Kerala ranks among the lowest states in own-tax revenue as a percentage of GSDP despite high per capita private consumption.
- ▪The study highlights that committed expenditure accounts for approximately 71% of Kerala's estimated revenue receipts in 2024-25.
Opening excerpt (first ~120 words) tap to expand
As Kerala awaits the UDF government’s white paper on State finances, a new study has suggested that the government should actively pursue measures designed to broaden the tax base, optimise non-tax revenue mobilisation and improve tax compliance while building on the State’s structural strengths to boost the economy.The study, ‘Kerala Fiscal Consensus Forum 2026-31 - a non-partisan academic initiative,’ prepared by the Department of Commerce, Sacred Heart College, Thevara, urges the government to explore avenues such as ‘Kerala Diaspora bonds,’ and - in the case of local bodies - municipal bonds.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Hindu — Top.
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