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Kerala Revised Budget 2026-27 LIVE: V.D. Satheesan's Budget pledges 'New Kerala' with inclusive growth, sustainable development

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Chief Minister says the government is committed to stimulating the economy through broad-based development strategies, attracting large-scale investments across various sectors, mobilising financial resources for the public exchequer, and ensuring the equitable distribution of wealth

Updated - June 19, 2026 03:38 pm IST

Kerala Chief Minister V. D. Satheesan presenting the revised Budget of the UDF government in the State Assembly in Thiruvananthapuram on Friday (June 19, 2026) | Photo Credit: special arrangement

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Kerala Chief Minister V.D. Satheesan, who also holds the Finance portfolio, has presented the revised Budget for 2026–27 in the Assembly, pledging to build a “New Kerala” with inclusive growth and sustainable infrastructure development.

Citing severe fiscal stress, hidden liabilities, lower remittances and inflation as key challenges before the government, the CM unveiled Mission Samudra to build a port-led economy, elevate the state as a global maritime and economic hub.

The government is committed to stimulating the economy through broad-based development strategies, attracting large-scale investments across various sectors, mobilizing financial resources for the public exchequer, and ensuring the equitable distribution of wealth, the CM said.

Follow for live updates

Kerala Budget Live | Chief Minister V.D. Satheesan presents UDF govt's Revised Budget

June 19, 2026 15:33
UDF govt’s plan to shift IFFK to Kochi may face technical hurdles
Kerala Budget: UDF govt’s plan to shift IFFK to Kochi may face technical hurdles, including losing accreditation
Kerala's plan to shift IFFK to Kochi faces accreditation risks and technical hurdles, jeopardizing its 30-year legacy in Thiruvananthapuram.
June 19, 2026 15:15
Revised incentives, dedicated sub-plan for Fisheries sector
Kerala Budget: Revised incentives, dedicated sub-plan for Fisheries sector
Kerala's Revised Budget 2026-27 prioritizes the fisheries sector with enhanced funding, welfare initiatives, and infrastructure development for coastal communities.
June 19, 2026 14:59
Budget announces anti-ragging law, student distress app in memory of J.S. Sidharthan
Kerala Budget announces anti-ragging law, student distress app in memory of J.S. Sidharthan
Kerala's Budget introduces anti-ragging legislation and a student distress app to enhance campus safety and welfare.
June 19, 2026 14:56
Record outlay of ₹5,952 crore for road renovation
Kerala Budget earmarks record outlay of ₹5,952 crore for road renovation
Kerala's Budget allocates ₹5,952 crore for road renovation, establishing a 'Road Architecture Wing' to enhance infrastructure standards.
June 19, 2026 14:18
Budget bets on silver economy, launches elderly welfare initiatives
Kerala Budget bets on silver economy, launches elderly welfare initiatives
Kerala's Budget emphasizes a silver economy, launching initiatives for elderly welfare, caregiving, and geriatric healthcare innovations.
June 19, 2026 14:01
Kerala Budget unveils Knowledge Valley, Job Watch Tower, research park to boost higher education
Kerala Budget unveils Knowledge Valley, Job Watch Tower, research park to boost higher education
Kerala's budget introduces Knowledge Valley and Job Watch Tower to enhance higher education, research, and job opportunities in the state.
June 19, 2026 13:59
Pinarayi says UDF govt ‘rebranded’ LDF schemes, accuses it of promoting corporate interests
Kerala Budget: Pinarayi Vijayan says UDF govt ‘rebranded’ LDF schemes, accuses it of promoting corporate interests
Pinarayi Vijayan criticizes Kerala's UDF Budget as a rebranding of LDF schemes, alleging prioritization of corporate interests over welfare.
June 19, 2026 13:41
‘Land Reforms 2.0’ for reviewing land laws, amending statutes
Kerala Budget: ‘Land Reforms 2.0’ for reviewing land laws, amending statutes
Kerala's 'Land Reforms 2.0' aims to modernize land laws and enhance land management for industrial development, boosting economic growth.
June 19, 2026 13:37
Kerala Budget aims to attract private investment but makes no mention of PSU projects
Kerala Budget aims to attract private investment but makes no mention of PSU projects
Kerala's Revised Budget aims to boost private investment with land reforms and special zones, but lacks focus on public sector units.
June 19, 2026 13:02
Dream projects feature high in Kerala’s Revised Budget; Satheesan announces Land Reforms 2.0, hike in rubber MSP
Dream projects feature high in Kerala’s Revised Budget; Satheesan announces Land Reforms 2.0, hike in rubber MSP
Kerala's Revised Budget showcases ambitious projects, land reforms, and increased rubber MSP, promising empathetic governance and economic growth.
June 19, 2026 12:38
Why Budget has earmarked Rs 50 crore for Gen-Z initiatives
Mr. Satheesan announced a Rs 50-crore initiative for Generation-Z, describing the digitally native generation as a key driver of Kerala’s future economy and innovation ecosystem. He said Generation-Z was among the forces rapidly transforming the world.
According to him, those born and raised in the digital age have technology as an integral part of their lives and are quick to adopt emerging technologies. “Gen Z is the fastest demographic to adopt and utilise breakthroughs in fields such as Artificial Intelligence, Robotics, Data Science, Internet of Things (IoT), and Virtual Reality (VR). The creative abilities and technological excellence of the younger generation can be brought together to develop Kerala’s startups, innovation hubs, research centres and smart industries, while emphasising digital ethics, privacy protection, cyber security and core human values,” he said in the revised state Budget in the Assembly. - PTI
June 19, 2026 12:18
Malabar set to score big with world-class football stadium
In a move likely to enthuse football fans, especially in north Kerala, Mr. Satheesan announced the construction of a world-class football stadium in the Malabar region and allocated Rs 50 crore for the project.
Referring to the State’s passion for football, he said a world-class stadium was essential to systematically identify and train football talent and host prestigious international matches.
“Recognising the immense passion and profound love for the game among football fans in Kerala, an international standard football stadium equipped with ultra-modern facilities will be constructed in the Malabar region. An amount of Rs 50 crore is allocated for this project,” he said. - PTI
June 19, 2026 12:11
Plans to make Kerala a leading 'unified Port City’
Kerala Budget charts plan to make State a leading ‘unified Port City’
Kerala's Budget aims to transform the state into a leading Port City, enhancing maritime and logistics capabilities along its extensive coastline.
June 19, 2026 12:09
Budget announces reforms to land laws to boost industrial infra in state
The revised Budget for 2026-27 said that reforms will be made in the land laws to give a boost to the industrial infrastructure aspirations of the State by harnessing its land resources. Chief Minister V D Satheesan, in his Budget speech, said that acute scarcity of land, limitations in its mobilisation and a lack of legal clarity constitute the most formidable barriers to Kerala’s industrial infrastructure aspirations.
He said that while investors were actively seeking land for projects capable of transforming the economy, vast tracts of land held by government departments and public sector undertakings were lying around “unutilised or entangled in red tape”. - PTI
June 19, 2026 11:47
Revised Budget estimate
Kerala Budget 2026-27 (5).jpg.jpeg
June 19, 2026 11:30
Former Finance Minister Thomas Isaac questions Kerala govt on bridging ₹20,000-crore shortfall
Ahead of UDF govt’s revised Budget, Thomas Isaac questions Kerala govt on bridging ₹20,000-crore shortfall
Thomas Isaac questions Kerala's strategy to address a ₹20,000 crore shortfall ahead of the UDF government's revised Budget presentation.
June 19, 2026 11:21
Decision to slash tax on All India Permit vehicles by 50% expected to reduce off-shore registration of Kerala vehicles
Kerala Budget: Decision to slash tax on All India Permit vehicles by 50% expected to reduce off-shore registration of Kerala vehicles
Kerala slashes tax on All India Permit vehicles by 50%, boosting local transport and tourism while increasing state revenue.
June 19, 2026 11:10
Other major annoucements
Kerala Budget 2026-27 (3).jpg (1).jpeg
June 19, 2026 10:48
Budget speech concludes
Chief Minister V.D. Satheesan concludes his Budget speech
June 19, 2026 10:40
Boosting pilgrimage tourism
Sabarimala, Guruvayur, Kottiyam, Tiruvallam temples will be developed on the Tirupathi temple model as part of promoting pilgrimage tourism in Kerala
June 19, 2026 10:36
New tax slab for low-alcohol beverages; EV road tax reduced
New tax slab for low-alcohol beverages introduced. Road tax of electric vehicles to be reduced
June 19, 2026 10:33
Sree Narayana Guru cultural centre in Delhi announced
A Sree Narayana Guru statue and cultural centre would be established in New Delhi. Rs 1 crore has been earmarked to construct a memorial for late actor Salimkumar in Ernakulam. Rs 100 crore has been set aside for Outer Ring Road project in Thiruvananthapuram. Data-driven decision support system to be implemented, and ₹30 crore has been allocated for this
June 19, 2026 10:31
Supplyco to adopt supply-chain model for self-sufficiency
Supplyco will be made self-sufficient by procuring essential commodities through supply-chain management model. Efforts will be made to obtain the dues expected from the Centre.
June 19, 2026 10:30
Fair value of land to be reviewed; ₹5,952 crore for PWD
Fair value of land in Kerala will be reviewed in view of complaints of discrepancies in the present fair value fixed in various regions. Rs 5,952 crore has been earmarked for the Public Works Department (PWD). Rs 1 crore has been set aside for holding a feasibility study on constructing an elevated corridor to Calicut airport
June 19, 2026 10:24
Makalkoppam project to prevent crimes against women
Makalkoppam project to be launched to focus on preventing crimes against women. More women police officers would be appointed as station house officer in police stations across Kerala. Meanwhile, Rs 10 crore has been earmarked for ‘Operation Toofan’ to bring down narcotic crimes in Kerala
June 19, 2026 10:21
Academic Council to curb political influence in higher education
Academic Council will formed to prevent excessive political influence on academic issues. An ombudsman mechanism will be introduced in colleges for student grievance redressal. Bridge programmes will be introduced for the benefit of job-seeking graduates.
June 19, 2026 10:19
Anti-ragging measures
The government will pursue strong steps to prevent ragging in campuses. A Sidharthan Student Distress App will be developed and a Sidharthan Anti-Ragging and Student Welfare Act will be introduced. The initiatives are in memory of J.S. Sidharthan, 20-year-old student who allegedly committed suicide at the Kerala Veterinary and Animal Sciences University in Wayanad following brutal and prolonged ragging.
June 19, 2026 10:18
Housing scheme for SC/ST community
A new housing scheme for the SC/ST community will be implemented. Barrier-free tourism will be promoted to help people with disabilities, says CM
June 19, 2026 10:17
Attracting foreign students via 'Semester in Kerala'
A future readiness think tank will be established. Academic tourism will be bolstered by attracting foreign students through a ‘Semester in Kerala’ scheme. Credit transfer will be facilitated among Kerala’s universities to enable student mobility. Steps will be adopted to enhance student diversity in Kerala’s universities
June 19, 2026 10:14
Vision 2036 to nurture sports talents for Olympics
Vision 2036 to be implemented to nurture sports talents for Olympics
June 19, 2026 10:10
Focus on girls-friendly campuses, scientific temper
Rs. 1477.57 crore allocation for the general education sector. Campuses will be made girls-friendly by ensuring clean toilets, and access to sanitary napkin for all girl students. Jawaharlal Nehru Centre for Scientific Temper to be established to boost scientific temper and turn Kerala into a global knowledge hub. An allocation of Rs. 25 crore has been made
June 19, 2026 10:07
Incubation centre for start-ups, entrepreneurs
An incubation centre for start-ups and aspiring entrepreneurs to be set up. ₹10 crore allocated for this. Women tourism entrepreneurs will be promoted, says CM in his Budget speech
June 19, 2026 10:04
Transport gets ₹1,578 crore; tourism sector allocated ₹325 crore
Rs 1,578 crore has been earmarked for the transport sector, and Rs 325 crore for the tourism sector. Steps would be taken to provide industry status to Tourism sector, says Mr. Satheesan
June 19, 2026 10:03
Key takeaways | Industry
June 19, 2026 10:02
Special package announced for Wayanad, Kasaragod and Idukki
A special package will be implemented to uplift the districts of Wayanad, Kasaragod and Idukki, particularly in the areas of education, health and livelihood means. Online grama sabha facility will be introduced to ensure participation of all stakeholders. Title deeds will be provided to all coastal residents. Kerosine subsidy for fishermen increased to Rs 75
June 19, 2026 10:00
₹192 crore earmarked to tackle human-wildlife conflict
Rs. 243.80 crore allocation for forest and wildlife conservation. Leopard and tiger census will be undertaken. Rs. 192.20 crore allocated to mitigate human-wildlife conflicts in Kerala by utilising technological advancements. Rapid response teams (RRTs) will be deployed at conflict hotpots
June 19, 2026 09:59
Wage hike for school cooks, pre-primary teachers and ayaahs
Budget announces wage hikes for school cooks and pre-primary teachers and ayaahs
June 19, 2026 09:58
Key takeaways | Health
June 19, 2026 09:58
Rubber MSP raised to ₹250; agriculture sector gets ₹1,535 crore
An amount of ₹1534.98 crore has been allocated for the Agriculture sector. Minimum support price (MSP) of rubber to be increased to Rs 250
June 19, 2026 09:56
KSRTC compensation for free bus travel scheme
Rs 600 crore earmarked to compensate the loss suffered by KSRTC for implementing the Priyadarshini free bus travel scheme for women and transgenders. Rs. 50-crore allocation to boost startups, innovation hub, smart industries and encourage technological entrepreunership among the GenZ
June 19, 2026 09:49
Key takeaways | Culture and Cinema
Kerala Budget 2026-27 (1).jpg.jpeg
June 19, 2026 09:47
Light metro projects for Thiruvananthapuram, Kozhikode get push
Thiruvananthapuram and Kozhikode light metro projects to be implemented. An amount of Rs 20 core has been earmarked for the preliminary works. The Kochi-Perumbavoor-Aluva corridor will be developed as a Global Furniture Hub. An allocation of Rs. 10 crore has been made. Kochi-Thrissur belt will be developed as a gold manufacturing corridor. The government proposes a Global Gold Hub. Rs. 10 crore has been earmarked.
June 19, 2026 09:45
Kerala School of Planning, Architecture and Design to be set up
A Kerala School of Planning, Architecture and Design to be established under PPP mode. The proposed institute will offer UG and PG courses in architecture and design, and PG course in urban planning. Rs. 2 crore has been earmarked for the project.
June 19, 2026 09:44
Key takeaways | Education
June 19, 2026 09:43
Key takeaways | Education
June 19, 2026 09:41
Oommen Chandy health insurance scheme announced with ₹10-crore allocation
The Chief Minister has announced the Oommen Chandy Health Insurance Scheme, a key component of the UDF pre-election Indira Guarantees. The scheme will offer support worth Rs. 25 lakh to each family. A preliminary allocation of Rs. 10 crore has been made
June 19, 2026 09:39
JC Daniel film city, MT cultural park and Johnson music academy announced
JC Daniel international film city to be set up in Kochi. MT Vasudevan Nair Cultural Park in memory of the legendary writer to come up in Kozhikode. Rs 50 crore has been set aside for this. A music academy to be set up in Thrissur in memory of the late music composer Johnson
June 19, 2026 09:35
Urban growth mission to be implemented
Kerala urban growth mission to be implemented. Rs 100 crore earmarked for this. Meanwhile, a modern football stadium to be set up in the Malabar region
June 19, 2026 09:32
Battery energy storage systems in panchayats
Community-based battery energy storage systems to be established in all panchayats, says Satheesan
June 19, 2026 09:30
₹100 crore earmarked for Kerala Knowledge Valley project
A Kerala Knowledge Valley will be established to bring together high-ranking global and national institutions, and legacy universities. It will turn the State into a higher education destination and check the out-migration of students seeking quality education abroad. The Private Universities Bill will be amended for the purpose. A significant allocation of Rs. 100 crore has been made for the project. Meanwhile, Thrissur Government Medical College and College of Engineering, Thiruvananthapuram, will be upgraded to ‘Constituent College of the University’ status.
June 19, 2026 09:29
Key takeaways | Ports and Maritime economy
Kerala Budget 2026-27.jpg.jpeg
June 19, 2026 09:26
Global Job Watch Tower to track future skills, jobs
Satheesan says the State government will set up a ‘Global Job Watch Tower’, a future skills and employment intelligence mission. This will monitor future job opportunities, emerging skills, recommend curricula revisions and ensure industry-academia linkage. Rs. 2 crore has been allocated for the initiative in its first phase
June 19, 2026 09:25
Boost to ‘space economy’
Budget earmarks Rs 5 crore to boost ‘space economy’. SpacePark project to be expanded. Steps will be taken to complete Rail connectivity to Vizhinjam port
June 19, 2026 09:23
‘One Kerala Karuthal Mission’ to support vulnerable families
‘One Kerala Karuthal Mission’ will be formed to support people facing extreme poverty and are unable to meet expenses for serious diseases and children’s education. The Mission will involve a technology-oriented platform and solicit CSR funds and contributions from various organisations and individuals
June 19, 2026 09:21
Invest Kerala cell, MSME growth scheme announced
Data-based, single-window Invest Kerala cell to be formed to spur Kerala’s industrial development. Kerala MSME growth scheme announced. Government to provide aid for setting up 10,000 MSMEs. ₹100 crore allocated. Special Investment Zone to be set up to turn Kerala into an attractive investment destination, says CM
June 19, 2026 09:15
Expert panel to revamp KIIFB
An expert committee will be formed to revamp the functioning of KIIFB. The government faces the burden of finding funds to complete Rs 35,000-crore worth projects implemented by KIIFB. Besides, KIIFB’s off-Budget borrowings and debt burden is leading Kerala through an economic instability,, says CM
June 19, 2026 09:13
₹400 crore for Mission Samudra as Kerala eyes global maritime role
CM announces Mission Samudra to place Kerala on the global maritime map within the next five years. ₹400 crore allocated for the project. A Maritime policy will be framed giving focus to 13 non-major ports. An international maritime museum will be established in Kerala
June 19, 2026 09:08
Budget to lay foundation for 'Puthuyuga Kerala', says Satheesan
V.D. Satheesan says the Budget will form a roadmap for the State’s development trajectory for the next five years. Kerala’s social and development indicators have been witnessing a slump of late. Besides, youth employment remains a point of concern. The government is committed to improve health and education sectors, enhance job opportunities, ensure the well-being of senior citizens and uplift marginalised sections using emerging technologies. The budget will pave the way for a Puthuyuga Kerala (New-age Kerala), he said
June 19, 2026 09:02
CM commences Budget speech
Chief Minister tables the Revised Medium Term Fiscal Policy. Presentation of Revised Budget for 2026-27 fiscal begins in Assembly.
June 19, 2026 08:56
V.D. Satheesan arrives in Kerala Assembly
Chief Minister V.D. Satheesan arrives in the Kerala Assembly to present the Budget. UDF members greet the Chief Minister. The Budget presentation will begin at 9 a.m.
June 19, 2026 08:16
Kerala Chief Minister V.D. Satheesan to present Revised Budget in Assembly today
Chief Minister V.D. Satheesan will present the Revised Budget for the 2026-27 fiscal in the Kerala Legislative Assembly at 9 a.m. today (June 19).
The budget will also be the first of the Congress-led United Democratic Front (UDF) government which came to power in Kerala in May after a landslide victory in the April 9 Assembly polls.
Mr. Satheesan’s presentation will be keenly watched for what it has to say about course corrections in Kerala’s fiscal policy, additional revenue mobilisation, and, among other things, the Kerala Infrastructure Investment Fund Board (KIIFB) and pay revision.
Follow the full story here
Kerala Chief Minister V.D. Satheesan to present Revised Budget in Assembly today
Kerala CM V.D. Satheesan to present the revised Budget today, focusing on fiscal policies and revenue mobilization amid challenges.
June 19, 2026 08:09
Watch | C.S. Jayathilak and ACS K.R. Jyothilal hand over budget to Kerala CM V.D. Satheesan
June 19, 2026 07:07
Kerala Budget: Fiscal health, welfare, growth in focus as Congress-led UDF govt to present Revised Budget on June 19
The Congress-led UDF government’s Revised Budget for 2026-27, to be presented by Chief Minister V.D. Satheesan on Friday (June 19, 2026) faces the challenge of finding the middle ground between re-aligning Kerala’s fiscal space for tackling the concerns raised in the White Paper on State finances and mobilising additional revenue for development and welfare, notably the Indira Guarantees and the ‘dream projects.’
Kerala Budget: Fiscal health, welfare, growth in focus as Congress-led UDF govt to present Revised Budget on June 19
Kerala's Congress-led UDF government presents a Revised Budget on June 19, focusing on fiscal health, welfare, and growth challenges.
June 19, 2026 07:06
Kerala Chief Minister V.D. Satheesan to present Revised Budget for 2026-27 on June 19, 2026
Kerala Chief Minister V.D. Satheesan to present Revised Budget for 2026-27 on June 19, 2026
Kerala CM V.D. Satheesan to present the 2026-27 Revised Budget on June 19, marking UDF government's first budget session.