5 months ago
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Describing Karnataka arsenic a goose that lays the aureate eggs, Revenue Minister Krishna Byre Gowda connected Thursday asked the Centre not to termination it by overexploiting it.
He made the remark successful the Legislative Assembly erstwhile Leader of the Opposition R. Ashok expressed interest that the State was connected the borderline of breaching the norms prescribing that gross shortage should beryllium beneath 3%, arsenic presently the State’s gross shortage stood astir 2.95%.
Mr. Byre Gowda who piloted the Karnataka Appropriation (No. 3) Bill 2025, said the State’s basal was to guarantee that its loans and gross deficits were beneath 3% arsenic prescribed by the Fiscal Responsibility and Budget Management Act.
Launching a counter-attack connected the BJP, the Minister said, “Around 20 States person ne'er followed the FRBM Management Act arsenic they person indulged successful indiscriminate borrowings dissimilar Karnataka. But it’s ironical that Karnataka is being punished for its fiscal subject and those States that did not instrumentality to FRBM Act are being incentivsed by the Finance Commissions that has fixed much funds to them.”
He told the Centre that it could get much funds successful presumption of taxes lone if the aureate goose was not overexploited.
The quantum of supplementary estimates of the State amounted to conscionable 1.45% of the full fund size, helium explained.
The Supplementary Estimates (Second Instalment) for 2025-26, aggregating to ₹ 6,279.87 crore, got the clearance from the House.
Mr. Byre Gowda said a sizeable portion of this wealth would spell to farmers. The request for seeking ₹ 1,015 crore had arisen owed to the determination taken to supply an further ₹8,500 per hectare arsenic compensation towards harvest losses successful the kharif season, supra that prescribed by SDRF, helium said.
Similarly, ₹300 crore was needed to wage an inducement of ₹50 per tonne for sugarcane farmers arsenic they demanded an summation successful FRP, helium added.
