Kerala budget today, Finance Minister Thomas Isaac says floods, GST have hit fiscal health

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“I will take the risk of assuming that we will be able to overcome the disadvantages of bad GST implementation, move towards fiscal consolidation through a greater collection of GST and also have a larger plan for investment,” Issac said.

A day before he presents the all-important state budget for the 2019-20 fiscal year, Kerala finance minister TM Thomas Isaac underlined that the economic impact of the devastating floods last year coupled with poor implementation of the Goods and Services Tax (GST) and internal leakages in the collection of VAT has affected the state’s fiscal health.

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