{"id":74660,"date":"2025-12-24T21:16:03","date_gmt":"2025-12-24T15:46:03","guid":{"rendered":""},"modified":"2025-12-24T21:16:03","modified_gmt":"2025-12-24T15:46:03","slug":"kerala-fm-meets-sitharaman-apprises-about-state-39-s-fiscal-challenges","status":"publish","type":"post","link":"https:\/\/goodsandservicetax.in\/GST\/?p=74660","title":{"rendered":"Kerala FM meets Sitharaman; apprises about state&#39;s fiscal challenges"},"content":{"rendered":"<p>Kerala FM meets Sitharaman; apprises about state&#39;s fiscal challenges<BR>GST<BR>Dated:- 24-12-2025<BR>PTI<BR>New Delhi, Dec 24 (PTI) Kerala Finance Minister KN Balagopal on Wednesday apprised Union Finance Minister Nirmala Sitharaman about the state&#39;s fiscal challenges and urged her to restore the borrowing limits that have been cut.<br \/>\nThe Left Democratic Front (LDF)-ruled Kerala has been constantly flagging issues related to lower borrowing limits and overall fiscal approach of the BJP-led Centre towards the state.<br \/>\nDuring a meeting with Sitharaman, Balagopal raised various issues, including that the state is currently experiencing serious fiscal challenges, arising from multiple simultaneous shocks to state revenues and constraints on borro<\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n<p align=\"center\"><strong>Plain text (Extract) only<\/strong><BR>For full text:-<a href=\"https:\/\/www.taxtmi.com\/news?id=65793\">Visit the Source <\/a><\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n<p>tude and timing of the deduction have resulted in severe fiscal stress for the state.<br \/>\n&#8220;The combined impact of GST rate rationalisation, adverse trade developments has created an unprecedented fiscal squeeze that threatens the state&#39;s ability to maintain essential services and honour pre-committed liabilities,&#8221; the minister said.<br \/>\nThe recent GST (Goods and Services Tax) rate rationalisation has resulted in revenue losses for Kerala.<br \/>\n&#8220;The state, being heavily dependent on GST revenues, faces an annual shortfall of approximately Rs 8,000 crore during the financial year 2025-26. This reduction substantially narrows Kerala&#39;s fiscal space to sustain essential public services, welfare schemes and committed developmental expenditure,&#8221; as per the <\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n<p align=\"center\"><strong>Plain text (Extract) only<\/strong><BR>For full text:-<a href=\"https:\/\/www.taxtmi.com\/news?id=65793\">Visit the Source <\/a><\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kerala FM meets Sitharaman; apprises about state&#8217;s fiscal challengesGSTDated:- 24-12-2025PTINew Delhi, Dec 24 (PTI) Kerala Finance Minister KN Balagopal on Wednesday apprised Union Finance Minister Nirmala Sitharaman about the state&#8217;s fiscal challenges an<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-74660","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/74660","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=74660"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/74660\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=74660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=74660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=74660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}