Cong guarantee schemes are straining Karnataka finances: CAG
The CAG has warned that Karnataka's guarantee schemes are straining state finances, reversing post-Covid recovery. These schemes, comprising 15% of revenue expenditure in 2023-24, contributed to a revenue deficit of Rs 9,271 crore. The fiscal deficit also widened significantly, increasing from Rs 46,623 crore to Rs 65,522 crore.
The CAG has warned that Karnataka's guarantee schemes are straining state finances, reversing post-Covid recovery. These schemes, comprising 15% of revenue expenditure in 2023-24, contributed to a revenue deficit of Rs 9,271 crore. The fiscal deficit also widened significantly, increasing from Rs 46,623 crore to Rs 65,522 crore. What's Your Reaction?
