കേരളത്തിനെ കടക്കെണിയിൽ പെടുത്തിയത് ആര്?- — Dark Side of Kerala Budget

This analysis breaks down the fiscal pressure facing Kerala's economy as pension expenditure continues to outpace salary costs. We examine why these obligations are difficult to reduce, focusing on structural factors like defined benefit schemes and increasing longevity trends that complicate long-term financial planning. Understanding the Kerala fiscal crisis requires looking at the math behind these state pension liabilities. By the end of this video, you will grasp why these specific costs represent such a significant portion of revenue receipts and the fiscal challenge they create for the government. Subscribe for weekly economic breakdowns of state finances, and comment below on which policy topic you want us to analyze next. Page and Exact figure in white paper Committed expenditure = 77.6% of revenue receipts (2024-25 actuals) p.34 "totalled ₹96,927 crore, consuming 77.6 per cent of all revenue receipts" Projected 77% for 2025-26 p.34 "projected at 77 per cent in 2025-26 revised estimates" Salary = ₹39,904 crore ≈ 30% p.34, p.63 "salaries (₹39,904 crore)"; "30.10 per cent in 2025-26" Pension = ₹27,885 crore ≈ 21% p.34, p.63 "pensions (₹27,885 crore)"; "21.5 per cent in 2025-26" Interest = ₹29,138 crore ≈ 21% p.34, p.63-64 "interest payments (₹29,138 crore)"; "20.9 per cent in 2025-26" National average committed expenditure = 46.1% p.34, p.63 "national average of 46.1 per cent"; "all-states average of 39.3% and 46.4%" National average leaves ₹54 per ₹100 for development p.63 "The all-states average leaves ₹54 in every ₹100" 2015-16 committed expenditure = 69.5% p.63 "consumed 69.5 per cent of Kerala's revenue receipts in 2015-16" Salary trend: 34.5% → 30.1% p.63 "from 34.5 per cent in 2015-16 to 30.10 per cent in 2025-26" Pension trend: 18.9% → 21.5% p.63 "from approximately 18.9 per cent of revenue receipts in 2015-16 to 21.5 per cent" Interest trend: 16.1% → 20.9% p.63-64 "risen from 16.1 per cent of revenue receipts in 2015-16 to 20.9 per cent in 2025-26" Interest called "most alarming story" p.63-64 "Interest payments tell the most alarming story" NPS transition; full relief decades away p.63 "The transition to NPS for new entrants will eventually moderate this growth, but the full relief is decades away" Only Punjab (73.6%) approaches Kerala p.63 "only Punjab (73.6 per cent) approaches Kerala's level of fiscal pre-emption" Only 5.18% of borrowings to capital creation p.35 "only 5.18 per cent of borrowings during the period were directed towards capital creation" DA/DR arrears ₹36,057 cr frozen since Jan 2021 p.60-61 "DA and DR arrears of ₹36,057 crore owed to serving employees, teachers, and pensioners" Total inherited arrears ₹48,733 crore p.60-61 "aggregate arrear burden of ₹48,733 crore as on 31 March 2026" GST compensation ended June 2022 p.38 "The end of the GST compensation regime in June 2022" SGST gap widened since 2017 p.68 "a gap of 0.45 percentage points, which has widened from the 0.21 percentage point gap that existed when the GST regime began" Kerala SGST/GSDP = 2.65% vs major states 3.09% p.68 "Kerala's SGST-to-GSDP ratio stands at 2.65 per cent, against the major states average of 3.09 per cent" Capital expenditure = 1.3% of GSDP vs national 3.2% p.34 "1.34% of GSDP" (BE); "National average: 3.2% BE" This video is a complete, ground-level breakdown of how the Indian tax system functions — with specific focus on Kerala taxpayers, salaried employees, small business owners, and self-employed individuals who want to understand where their money goes after the government takes it.By the end of this video, you will understand:How the Indian tax collection mechanism works from the moment tax is deducted at source (TDS) to the point it reaches the Union Budget and State Budget of Kerala. How the central government and the Kerala state government divide tax revenue through the Finance Commission formula. Why Kerala consistently receives less from the Centre than what Keralites contribute in taxes — and what that means for public services and infrastructure in the state. How GST collection works, who controls it, and why prices in Kerala are often higher than in other states despite Kerala having one of the highest consumer spending rates in India. How income tax slabs work under both the old regime and the new tax regime, and which one actually saves you more money in 2024-25. Disclaimer: The video is not financial advice and should not be considered as such. It is important to conduct thorough research and consult with a professional financial advisor before making any investment decisions.