Thiruvananthapuram: Kerala is spending up to 62% of its total revenue to give salaries and pensions to government employees. The state stands at the top when it comes to expenses such as this. In Fiscal Year 2024, the state government has earmarked Rs.62,282 crore for paying government employees and pensioners.
This amounts to 40% of the total expenses of the state. This means that when the government is spending Rs.100 then Rs.40 is solely used to pay government salaries and pensions. It is estimated that Kerala has 5 lakh government employees and pensioners. The financial experts on salary and pension liabilities consider everyone who is involved in the execution of administration. When looked in this point of view, the number of employees shoots up to 13 lakhs.
Financial experts say that if we take the main 17 states of Bharat, then Kerala stands at the top with the highest liability when it comes to salaries and pensions. According to the 2021-22 data, the liabilities amounted to 61.32% of the total revenue of the state. It means that a huge chunk of state revenue is used to pay government employees and pensions.
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