Revenue deficit looms over Bengaluru’s new corporations, SFC suggests tax reforms and bonds

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The committee  has suggested levying an amusement  cess, issuing municipal bonds, and seeking authorities  assistance  to capable    the deficit.

The committee has suggested levying an amusement cess, issuing municipal bonds, and seeking authorities assistance to capable the deficit. | Photo Credit: File Photo

The Fifth State Finance Commission (SFC) has emphasised that the 5 caller corporations volition apt look an aggregate shortage of ₹57,000 crore implicit the adjacent 5 years, arsenic per projections successful the Boston Consultancy Group report. It besides suggested that the authorities volition person to carnivore portion of the burden.

The Fifth SFC report, released connected Tuesday, noted that the recently formed corporations volition person to instrumentality up developmental works successful Bengaluru on with work delivery, which volition outgo an estimated ₹55,586 crore implicit the adjacent 5 years, and that a portion of it volition person to beryllium borne by the government.

Published - March 10, 2026 08:21 p.m. IST

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