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Joined: Feb 2001
Posts: 381,904
Launch Director
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Launch Director
Joined: Feb 2001
Posts: 381,904 |
Karnataka's finances are strained by welfare schemes, forcing cuts in other programs. The CAG report reveals Rs 52,525 crore spent on five guarantee schemes, consuming a significant portion of revenue and necessitating increased borrowing. This fiscal pressure impacts capital expenditure and raises concerns about future growth and debt servicing obligations. Source: Freebies over development? K'taka cuts programs to fund welfare schemes: CAG report
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Freebies over development? K'taka cuts programs to fund welfare schemes: CAG report
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