Tax share rises 13%, but central transfers hit a historic low
The Morning Standard|July 24, 2024
IN financial year 2024-25, Kerala will get ₹24,008.82 crore as its share from union taxes and duties, showed the Union Budget Estimates.
M S VIDYANANDAN

This is around 13% more than previous year's (revised estimate 2023-24) share of ₹21,261.54 crore. But the state does not have much to cheer about as the percentage of central transfers in total revenue receipts touched a historic low.

Central transfers to a state government comprises the share from union taxes and duties and grantsin-aid (GIA). According to the State Budget Estimates for 2024-25, Kerala expects ₹11,532.80 as grants-in-aid. The share of central transfers in Kerala's total revenue receipts for FY25 is 25.63%, the lowest for more than a decade, after 23.60% in 2013-14.

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