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The three-year Congress regularisation successful Karnataka has pushed the State from gross surplus to gross deficit, MP for Dakshina Kannada Capt. Brijesh Chowta alleged present connected Wednesday.
Addressing presspersons, Capt. Chowta said that the Siddaramaiah-led authorities lacks fiscal discipline.
Quoting a study of the Comptroller and Auditor General of India connected State Finances for 2024-25, Capt. Chowta said that the study said: “...the instauration of 5 warrant schemes successful 2023-24 shifted the State from a Revenue Surplus to Revenue Deficit successful 2023-24 and 2024-25; the shortage is past financed by indebtedness which pushes up the aboriginal indebtedness and involvement burden, frankincense creating a loop of indebtedness...”
Capt. Chowta said that the study further said: “typically, borrowings should beryllium utilized to money improvement expenditure. In 2024-25, lone 62.12 % of the State’s borrowings were utilized for this intent and a important information was utilised to screen the Revenue Deficit and repayment of earlier debts.”
He said according to the report, successful 2023-24 the gross grew by 1.8% portion the expenditure accrued by 12.5%.
The study said that fiscal shortage of the State accrued from ₹65,522 crore successful 2023-24 to ₹85,030 crore successful 2024-25.
“The lone accomplishment of the Siddaramaiah authorities during the past 3 years is to propulsion the progressive Karnataka to the indebtedness trap,” helium alleged.
He alleged that the State authorities is showing “total apathy” to implicit Union authorities sponsored projects.
Referring to the advancement of the Pradhan Mantri Awas Yojana (Urban) successful Karnataka, helium said that the State authorities could built lone 3.86 lakh houses of the 6.38 lakh houses sanctioned.
“It is due to the fact that the State authorities is incapable to lend its stock of funds to built the houses,” helium alleged and said the Congress authorities besides does not privation the Union government’s projects implemented fully.
Capt. Chowta alleged that the State authorities has not released ₹800 crores owed arsenic incentives to 38 lakh dairy farmers for the past 8 months.
He alleged that the Congress is utilizing Karnataka arsenic its ATM.
He besides objected to the State government’s determination to make colonies populated by minorities by investing ₹600 crore. The State Cabinet approved this connection earlier this month. “This volition lone beforehand categorisation successful society. This is not correct. Even the designer of the Constitution B.R. Ambedkar had opposed specified benignant of categorisation,” Capt. Chowta said.
