Congress has pushed Karnataka from revenue surplus to deficit, alleges Capt. Brijesh Chowta
Capt. Brijesh Chowta has criticized the Congress government in Karnataka for allegedly shifting the state from a revenue surplus to a deficit. He cited a report indicating that the introduction of new guarantee schemes has led to increased debt and fiscal challenges. Chowta also accused the government of failing to complete Union-sponsored projects and mismanaging funds meant for development.
- ▪The Congress government in Karnataka has been accused of causing a shift from revenue surplus to deficit.
- ▪A report stated that the state's fiscal deficit increased significantly from ₹65,522 crore in 2023-24 to ₹85,030 crore in 2024-25.
- ▪Capt. Chowta claimed that the state government has not released ₹800 crores due to dairy farmers for incentives over the past eight months.
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The three-year Congress rule in Karnataka has pushed the State from revenue surplus to revenue deficit, MP for Dakshina Kannada Capt. Brijesh Chowta alleged here on Wednesday.Addressing presspersons, Capt. Chowta said that the Siddaramaiah-led government lacks financial discipline.Quoting a report of the Comptroller and Auditor General of India on State Finances for 2024-25, Capt. Chowta said that the report said: “...the introduction of five guarantee schemes in 2023-24 shifted the State from a Revenue Surplus to Revenue Deficit in 2023-24 and 2024-25; the deficit is then financed by debt which pushes up the future debt and interest burden, thus creating a loop of indebtedness...”Capt.
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