Kerala Budget 2007-2008 is getting positive nods from all the corners of the society.
The 2.25 hour budget speech reported to be the longest in recent history was a flow of facts and explanations unlike the usual style of political gymnastics, quoting lines, long speeches on hopes and dreams. The only quotation heard was that of’ ‘Koutilya’ on tax collection. Saying “Tax collector must be like a honey bee which collects the honey from flower without causing any damage to the source”.
The budget had been a signature event of Dr. Thomas Issac who is an Economic Expert himself. Budget 2007-08 focuses on increasing revenue receipts, but at the same time Dr Thomas Issaac has made sure that it does not burden common men. Addressing a press conference Dr Issac had said that the Revenue receipts needed to be increased to speed up growth in the productive sector and improve the quality of services.
This he said would be done not by increasing the tax rates but by other measures. “This would be the major challenge in the Budget for 2007-08” he was quoted to have been saying.
