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The wide treatment connected the Revised Budget 2026-27 presented by Kerala Chief Minister V.D. Satheesan connected June 19 volition statesman successful the State Legislative Assembly connected Monday (June 22, 2026).
The House is apt to spot heated statement implicit the Budget implicit the adjacent 3 days arsenic the Opposition Communist Party of India (Marxist) [CPI(M)]-led Left Democratic Front (LDF) and the Bharatiya Janata Party (BJP) person already criticised it for being flooded with announcements but lacking capable allocations.
The Revised Budget has reset the program outlay for 2026-27 from ₹35,750 crore to ₹30,370 crore citing “significant shortfall successful anticipated gross estimated successful the past Budget of the LDF government," presented successful January this year.
'Corporate-friendly’
The LDF has accused the Budget of being corporate-friendly and pushing a privatisation agenda. Leader of the Opposition Pinarayi Vijayan alleged that Mr. Satheesan had “rebranded” announcements made by the erstwhile LDF government, portion advancing a pro-privatisation docket and ignoring payment commitments. CPI(M) State caput M.V. Govindan described the Budget arsenic the “opening speech” to full privatisation.
BJP State president and MLA Rajeev Chandrasekhar alleged that the United Democratic Front (UDF) has present reneged connected 3 of the 5 Indira Guarantees that it had pledged to instrumentality connected the precise archetypal time of assuming power.
Meanwhile, Mr. Satheesan has swept speech the allegations that the Budget pushed for privatisation. He has maintained that his archetypal Budget arsenic the Finance Minister was designed to make a ‘Puthuyuga Keralam’ (New Age Kerala), Mr. Satheesan said his Revised Budget does not marque a azygous notation of privatisation anywhere. At the aforesaid time, helium added that his authorities intends to promote backstage concern arsenic it is the lone mode to boost the Kerala economy.
The Revised Budget has reset the program outlay connected the grounds that the erstwhile authorities had “erroneously projected” an inflated surplus of ₹20,500 crore nether the heads of Revenue Deficit Grant and different grants and the State’s stock of Union taxes. However, the 16th Union Finance Commission had decided against recommending RD Grants and State-specific grants.
Additional allocations
The Revised Budget has announced further allocations of ₹527.68 crore and ₹152.52 crore for the Scheduled Caste and Scheduled Tribe sectors to compensate for the shortfall arising from the revision.
The wide treatment connected the Revised Budget volition beryllium held from Monday to Wednesday.
