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Kerala Budget: Spending, Capital Outlay, Fiscal Deficit and Central Tax Share

Kerala's budget is Rs 1,84,327 crore, of which Rs 14,900 crore (8.1%) is capital outlay for building assets. The fiscal deficit is 3.4% of the State's GSDP, and its share of central taxes is Rs 22,415 crore.

2024-25 (BE) & 2023-24 (RE) · compiled from State Budget Books (Demands for Grants) & RBI State Finances Study; figures as compiled, not a live feed

Kerala budget at a glance

ItemAmount
Total budgetRs 1,84,327 crore
Revenue expenditureRs 1,59,800 crore
Capital outlayRs 14,900 crore (8.1% of the budget)
Own tax revenueRs 92,500 crore
Share of central taxesRs 22,415 crore
Grants from the CentreRs 13,100 crore
GSDPRs 11,30,000 crore
Fiscal deficit3.4% of GSDP

Where Kerala spends: major heads

Head of accountAmountShare of budgetCovers
Education (2202)Rs 28,400 crore15.4%Hi-tech school classrooms, teacher pensions & salaries
Debt interest (2049)Rs 27,200 crore14.8%High interest burden on past liabilities
Health (2210)Rs 11,200 crore6.1%Karunya Arogya Suraksha, Family Health Centres, palliative care
Roads and bridges (3054)Rs 9,100 crore4.9%KIIFB-funded state highways and coastal roads
Rural development (2501)Rs 8,900 crore4.8%Kudumbashree micro-enterprises, Life Mission housing
Police security (2055)Rs 5,800 crore3.1%Kerala Police cyberdome, coastal patrols
Agriculture (2401)Rs 4,900 crore2.7%Subbhiksha Keralam, paddy base price support, spice board

Kerala's share of central taxes: releases announced

Financial yearAnnounced in releases
2026-27Rs 2,597.00 crore
2025-26Rs 1,956.00 crore
2024-25Rs 9,451.03 crore
2023-24Rs 6,417.50 crore
2022-23Rs 7,196.84 crore
2021-22Rs 1,830.38 crore
DateReleaseTo KeralaShare
1 Aug 2026Union Government releases tax devolution of ₹1,09,019 crore to State Governments, as one advance instalment to accelerate their capital and developmental expenditureRs 2,597.00 crore2.382%
1 Oct 2025In view of upcoming festive season and to enable States to accelerate capital spending and finance their development/ welfare related expenditure, Union Government releases tax devolution of ₹1,01,603 crore to State Governments, as one advance instalment of tax devolutionRs 1,956.00 crore1.925%
10 Jan 2025Union Government releases tax devolution of ₹1,73,030 crore to State Governments to accelerate capital spending and finance their development and welfare-related expendituresRs 3,330.83 crore1.925%
10 Oct 2024Union Government releases tax devolution of ₹1,78,173 crore to State Governments, including one advance instalment of ₹89,086.50 crore in addition to regular instalment due in October, 2024Rs 3,430.00 crore1.925%
10 Jun 2024Centre releases Rs. 1,39,750 crore installment of Tax Devolution to StatesRs 2,690.20 crore1.925%
29 Feb 2024Union Government releases another additional installment of tax devolution of Rs. 1,42,122 crore to strengthen hands of State Governments for financing various social welfare measures and infrastructure development schemesRs 2,736.00 crore1.925%
7 Nov 2023Union Government authorises release of tax devolution of ₹72,961.21 crore to all State Governments for November, 2023; three days ahead of the usual date of 10th NovemberRs 1,404.50 crore1.925%
12 Jun 2023Central Government releases ₹1,18,280 crore as 3rd instalment of tax devolution to State Governments as against normal monthly devolution of ₹59,140 croreRs 2,277.00 crore1.925%
10 Mar 2023Union Government releases 14th instalment of tax devolution to State Governments amounting to ₹1,40,318 crore to strengthen hands of States to accelerate their capital and developmental expenditureRs 2,705.00 crore1.928%
10 Nov 2022Two instalments of tax devolution to State Governments amounting toRs 2,246.00 crore1.925%

Covers the instalments announced through press releases (extra or advance instalments, and some regular ones). Regular monthly instalments without a release are not included, so yearly sums here are not the full year's devolution. Source: Ministry of Finance press releases (Press Information Bureau).

More about Kerala

Union and all State budgets · Tax devolution and the 15th Finance Commission simulator