Govt to present state budget on Feb 2
Thiruvananthapuram: The Cabinet meet has decided to present the annual state budget 2018 on February 2. The Cabinet will recommend the governor to summon the Assembly meeting from January 22.
When compared to the previous years, a full budget will be presented this time. Hence, the budget session will discuss both revenue and expenditure by dividing each department before the financial year. The government plans to complete formalities related to budget, including plan expenditure, prior to the financial year.
Usually, budget session comprises presentation of budget and vote on account to pass the budget. Only expenditure will be discussed in the vote on accounts session.
Former finance minister Vakkom Purushothaman had presented a full budget in 2004.