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INTERVIEW | 'Census, per capita income reasons for low budget allocation': TM Vijay Bhaskar

Former chief secretary and ex-chairman of the Second Karnataka Administrative Reforms Commission TM Vijay Bhaskar spoke to TNIE editors and reporters on the State and Union budgets, importance of having an elected local body in Bengaluru,
The article from MSN India discusses an interview with TM Vijay Bhaskar, the Additional Chief Secretary of the Finance Department in Karnataka, regarding the state's budget allocation for 2024-25. Bhaskar explains that despite the state's per capita income being lower than the national average, the budget has been strategically allocated to address key areas like agriculture, education, and health. He highlights the government's efforts to increase capital expenditure to stimulate economic growth, despite the constraints of a lower revenue base. The interview also touches on the reasons for the low budget allocation, including the need to manage fiscal deficits and the impact of central government policies on state finances. Bhaskar emphasizes the importance of efficient resource utilization and the state's commitment to welfare schemes, even with limited funds.

Read the Full MSN Article at:
[ https://www.msn.com/en-in/money/other/interview-census-per-capita-income-reasons-for-low-budget-allocation-tm-vijay-bhaskar/ar-AA1yIswU ]