Kerala FM: Union Budget Signals Economic Stagnation, Centre Lacks Funds
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News18•01-02-2026, 15:45
Kerala FM: Union Budget Signals Economic Stagnation, Centre Lacks Funds
- •Kerala Finance Minister K N Balagopal stated the Union Budget reflects economic stagnation and a shortage of funds for the Central government.
- •He alleged tax proposals prioritize international trade agreements over strengthening the domestic economy, citing influence from EU deals and former US President Donald Trump's tariff policies.
- •Balagopal highlighted reduced allocations for agriculture, food subsidies, health, education, and science and technology, indicating insufficient central funds.
- •He criticized significant cuts to MNREGA funding and reduced rural sector investment, predicting negative impacts on employment and economic growth.
- •Kerala's key demands, including funds for Vizhinjam port, a dedicated cargo corridor, high-speed rail, a special package, AIIMS, and Sabari rail project, were ignored.
Why It Matters: Kerala FM Balagopal asserts Union Budget reveals economic stagnation, fund shortages, and neglect of state demands.
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