Kerala chief minister Pinarayi Vijayan on Wednesday said the Union Budget 2023-24 presented by the Union Finance Minister Nirmala Sitharaman in Parliament does not seek any way to solve the growing economic disparities in the country.
Calling the budget as disappointing, CM Vijayan said that it would only help to further strengthen the concentration of wealth among corporates. He also criticised the Centre government for not taking steps to impose a fair tax on the super rich.
Stating that the budget has taken a regionally unbalanced approach, CM Vijayan said it was disappointing for the state of Kerala. The long-sought after demand of Kerala for an All-India Institute of Medical Sciences (AIIMS) and rail development projects found no mention in the budget, Vijayan noted in a statement here.
“Kerala’s long-sought All India Institute of Medical Sciences (AIIMS) and rail development projects found no mention in the budget,” he said.
“In the budget speech, the Union Finance Minister said that the fiscal deficit of the states in the fiscal year 2023-24 will be 3.5 per cent of the states’ domestic revenue. This is the 3 per cent normal limit and 0.5 per cent power supply reform requirement. No relaxation has been announced towards this, except reiterating the recommendations of the 15th Finance Commission,” CM Vijayan said.
Terming the budget a dampener for Kerala, Vijayan asked the Central government to take a sympathetic approach to the railway and other infrastructural development projects of the state and make necessary announcements in the budget session itself.