The Finance Commission-recommended special grant for Karnataka, as advised by the Center, is still pending release: Revenue Minister
The Finance Commission-recommended special grant for Karnataka, as advised by the Center, is still pending release: Revenue Minister
Revenue Minister Krishna Byre Gowda informed the Legislative Council on Thursday that the Union government's financial assistance to Karnataka, encompassing the Centrally-sponsored scheme and GST compensation, has dwindled to ₹40,000 crore over the last five years. Responding to a query from member U.B. Venkatesh during Question Hour, the Minister disclosed that the recommended ₹11,495-crore special grant from the Finance Commission and the pending GST compensation have yet to be disbursed.
Highlighting the escalating volume of Karnataka's annual Budget, Mr. Gowda underscored the concurrent rise in the state's share in Central revenue. However, he lamented that in comparison to the expanding budget, the due grant from the Center has witnessed a decline, impacting the state's revenue.
The Minister elucidated that while the state has received grants for certain Centrally-sponsored schemes, funding for some of its initiatives is still pending.
In response to Chief Minister Siddaramaiah's behalf, Mr. Gowda mentioned that the CM had written to the Union government on August 19, October 6, and November 27, urging the release of the Finance Commission's special grant, GST compensation, and disaster relief owed to Karnataka.
Karnataka Union government grant
Centrally-sponsored scheme funding
GST compensation Karnataka
Finance Commission special grant
Karnataka annual Budget growth
Revenue impact on Karnataka
Legislative Council update
U.B. Venkatesh Question Hour
Chief Minister Siddaramaiah letters to Union government
Disaster relief Karnataka
Karnataka state revenue
Central revenue share rise in Karnataka
Karnataka financial assistance trends
Union government disbursement delays
Legislative Council proceedings on grants
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