Karnataka's welfare spending and rising costs put state finances under pressure
- Karnataka's finances are under pressure from rising welfare spending, drought conditions and higher operating costs.
- • The state's five guarantee schemes are expected to cost ₹51,286 crore in 2026–27.
- Nandini toned milk prices will increase from ₹46 to ₹54 per litre from November 1.
- The CAG reported a revenue deficit of ₹9,271 crore in 2023–24, reversing the surplus recorded the previous year.
Source: moneycontrol.com
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