Kerala is set to witness a crucial moment in its economic journey today as Finance Minister K N Balagopal presents the sixth budget of the second Pinarayi Vijayan–led LDF government in the State Assembly. Describing the budget as a roadmap for Kerala’s future, the Finance Minister said it will feature several projects and policy announcements designed to serve as lasting investments for the state.
In a Facebook post ahead of the budget, Balagopal expressed confidence that the document would further reinforce the development momentum achieved under the LDF government and carry forward Kerala’s ongoing development transformation with renewed strength.
The budget will be presented at 9 am, and holds special significance as it is the final budget of the second LDF government under Chief Minister Pinarayi Vijayan, as well as the sixth consecutive budget of the Left administration.
With the Assembly elections approaching, strong expectations have emerged around people-friendly announcements. Government employees are hopeful of long-pending demands such as salary revision and improved service benefits. There is also anticipation of a major policy shift from the contributory pension scheme to an assured pension system.
Large-scale infrastructure initiatives, including the SilverLine semi high-speed rail project and Vizhinjam port–linked development plans, are expected to find prominence in the budget. The finance department, however, has pointed out that financial constraints imposed by the Centre remain a key challenge, particularly in implementing welfare measures such as social security pensions.
Meanwhile, the 2024–25 Economic Review Report has highlighted a rise in the state’s income, expenditure, and debt, underscoring the balancing act the government faces as it charts Kerala’s economic future.
