Sitharaman Criticizes Karnataka Government's Financial Management

Karnataka Chief Minister Siddaramaiah has accused Union Finance Minister Nirmala Sitharaman of misleading the public about financial allocations in the recent Union Budget, claiming the BJP-led NDA government failed to deliver promised funds for key projects amounting to Rs 11,795 crore. In response, Sitharaman stated that industries are leaving Karnataka due to a deteriorating law-and-order situation and fiscal mismanagement under the Congress government, which has led to the state transitioning from revenue surplus to revenue deficit. Sitharaman highlighted that inflation in Karnataka has risen to 6.1%, surpassing the national average of 5.4%, attributing this increase to hikes in fuel and milk prices, as well as excessive stamp duty. She refuted claims of inadequate central funding, citing significant increases in tax devolution and grants during the NDA government's tenure. The Finance Minister also pointed out that capital expenditure has declined, which she argues hampers job creation and economic growth. The ongoing exchange underscores a deepening political rivalry as both parties blame each other for the state's economic challenges.