Kerala State Planning Board was first constituted in this State in September 1967 with Chief Minister as Chairman and a non-official as part time Vice-Chairman. Apart from minister for Finance and Chief Secretary to the Government there were three other fulltime members. The Director, Bureau of Economics and Statistics were Member Secretary. The Board was formed with a view to enabling the State Government to formulate development plans based on a scientific assessment of the resources of the State and the growth priorities. The board was assigned the task of preparing the Annual Economic Review to be presented along with the Budget Document to the State legislature. This item continues to be a regular activity of the board.