Kerala Budget 2025-26 raises basic land tax by 50%, sets ₹750 crore for Wayanad rehabilitation
Kerala Finance Minister K.N. Balagopal presented the State Budget for 2025-26 in the Assembly on 7 February 2025, raising basic land tax rates by 50% and announcing ₹750 crore for the first phase of Wayanad landslide rehabilitation.
Summary
Kerala Finance Minister K.N. Balagopal presented the 2025-26 Budget, the last full budget of the second Pinarayi Vijayan government, in the State Assembly in Thiruvananthapuram on 7 February 2025. Basic land tax rates in all slabs were raised by 50%, with the lowest slab going from ₹5 to ₹7.5 per are a year. A project with first-phase funding of ₹750 crore was announced for the rehabilitation of Wayanad landslide survivors. A new 'K-Homes' project will use vacant and unoccupied houses across the State to provide tourist accommodation. The monthly social security pension of ₹1,600 was not increased.
Key facts
- Date and place
- 7 February 2025, Kerala Legislative Assembly, Thiruvananthapuram
- Presented by
- Finance Minister K.N. Balagopal
- Land tax
- Basic tax up 50% in all slabs (lowest: ₹5 to ₹7.5 per are a year)
- Wayanad
- ₹750 crore first-phase rehabilitation project
- K-Homes
- Vacant houses used for tourism accommodation
- Welfare pension
- No hike in ₹1,600 monthly pension
Practice MCQs 3 questions
By what percentage were basic land tax rates raised in the Kerala Budget 2025-26 presented on 7 February 2025?
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Correct answer: B — 50%
Basic land tax rates in all slabs were raised by 50%; the lowest slab went from ₹5 to ₹7.5 per are a year.
How much (in ₹ crore) did the Kerala Budget 2025-26 announce as first-phase funding for rehabilitating Wayanad landslide survivors?
Show answer
Correct answer: A — 750
The Budget announced a project with first-phase funding of ₹750 crore for the rehabilitation of Wayanad landslide survivors.
What is the aim of the 'K-Homes' project announced in the Kerala Budget 2025-26?
Show answer
Correct answer: D — Using vacant and unoccupied houses as tourist accommodation
K-Homes seeks to use vacant and unoccupied houses across the State to provide affordable tourist accommodation and income for owners.