Freebies over development? K'taka cuts programs to fund welfare schemes: CAG report

2026-03-26 - 18:09

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.