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Friday, February 7, 2025

Departure from promise

#Departure from promise
The 2025-26 Kerala Budget, with the announcement of a 50% hike in land tax and proposed road tolls to generate revenue for KIIFB, marks a significant departure from the earlier promise. This move contradicts the party’s initial commitment to funding infrastructure through alternative means, signaling a shift towards more conventional methods of revenue generation. 

Critics may view this as a backtrack, undermining the credibility of the government’s previous assurances and raising concerns about the long-term sustainability of KIIFB’s model. The reliance on increased taxes and tolls may also trigger public backlash, especially as it conflicts with the original vision of the fund as a burden-free development initiative.

-K A Solaman

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