Freebies first, development later? Karnataka cuts programs to fund welfare schemes, CAG flags deficit risks

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.

from India News | Latest India News Today & Real-time News from India, India Breaking News https://ift.tt/XRS4VAu

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