Kerala Budget 2018: Charting a trajectory for long-term development

Most of the public sector enterprises have started making profits because enough money was pumped into them in the last Budget. 

Published: 03rd February 2018 01:17 AM  |   Last Updated: 03rd February 2018 03:11 AM   |  A+A-

By Express News Service
K Raviraman 

The 2018-19 Budget is a multi-faceted and multi-targeted one. It opens up a future trajectory. Apart from the Budget having a long-term developmental orientation, it is one which intensifies the welfare programmes started earlier. There is significant emphasis given to the public sector and KSRTC.

Financial restructuring of KSRTC has been well thought out. Further, most of the public sector enterprises have started making profits because enough money was pumped into them in the last Budget. 

LIFE project has been accorded great emphasis in this Budget and so it gives a fillip to sunrise industries. Another area which figures prominently is the disability sector.

A boom in IT sector is expected and the Budget has given enough emphasis for skill development via gender park. Gender park is not as was envisaged earlier. It intends to develop capacity, provide training and production and so forth. Further, the gender allocation, which was 11 per cent, has been increased to 14 and this is a welcome move.

The state is already under fiscal discipline owing to the Fiscal Responsibility Act. Through KIIFB the state is exercising its political sovereignty. With the implementation of GST, we have lost the political sovereignty to exercise freedom on our own people in fixing the tax rates.

In that light, the activities of KIIFB should be seen as an innovative form of political power. It is an exercise of a new form of political power whereby we are able to mobilise resources outside the Budget. As such long-term development is feasible. 

Though it hasn’t been mentioned that there will be a blue economy mission, the overall policy framework with respect to fisheries would amount to it.The writer is member of State Planning Board.


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp