The record
Written from the 1 report below. Nothing here is unsourced.
- Opposition leader R. Ashok claimed that Karnataka has exhausted its borrowing capacity according to a Finance Department note.
- The state faces pending bills exceeding ₹36,000 crore and a fiscal deficit near the maximum permitted threshold.
- Several departments and corporations are already experiencing cash shortages.
- Concerns have been raised about the government's ability to fund essential drought relief measures.
What to watch next
- Government response to the alleged Finance Department note
- Impact of fiscal constraints on announced drought relief projects
- Potential resignations or hunger strikes by Congress MLAs over drought policy
Who said what2
Only words found exactly in the article are shown, attributed and linked to the line they came from.
R. Ashok
Leader of the Opposition in the Legislative Assembly
2 quotes · 1 outlet
“The State government has a balance cost of works of more than ₹2 lakh crore. The pending bills from PWD, Water Resources, Minor Irrigation & RDPR alone is to the extent of ₹36,136 crore. Already cash crunch including funds for salaries is being faced by transport corporations, irrigation corporations and electricity companies.”
In the article
…The note displayed by Mr. Ashok, during debate in the Assembly on drought, said that State did not have space to borrow any more money to fund new projects. Reading out from the Finance Department’s note, he said, “ The State government has a balance cost of works of more than ₹2 lakh crore. The pending bills from PWD, Water Resources, Minor Irrigation & RDPR alone is to the extent of ₹36,136 crore. Already cash crunch including funds for salaries is being faced by transport corporations, irrigation corporations and electricity companies. ” He said the note had clearly stated that the fiscal deficit had stood at 2.95% as against the permitted level of 3%. The revenue deficit was at ₹22,957 crore and the cumulative liabilities compared with the GSDP had…
“Drought has gripped the State and farmers are migrating. But the government treasury is empty and there is a financial drought”
In the article
…out that the Finance Department’s note had been issued on September 17 itself, he wondered if the new proposals announced by the Chief Minister during his visit to Mangaluru and Kalaburagi would become reality. “ Drought has gripped the State and farmers are migrating. But the government treasury is empty and there is a financial drought ,” he said. Mr. Ashok alleged that despite having advance warning about drought from the IMD as well as Centre, the government had failed to take precautionary measures. Even the declaration of drought had been delayed…
Coverage1
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Named India · Congress · Karnataka · Legislative Assembly · Appaji Nadagouda · Finance Department · HK Patil · Indian Meteorological Department · R. Ashok
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