CM BOMMAI PRESENTS A REVENUE SURPLUS, ROBUST BUDGET
The Sunday Guardian|March 12, 2023
A revenue surplus of Rs 402 crore is estimated for 2023-24 compared to a revenue deficit estimate of Rs 14,699 crore in the 2022-23 budget.
CM BOMMAI PRESENTS A REVENUE SURPLUS, ROBUST BUDGET

Thanks to the restoration of the State Finances, Chief Minister Basavaraj Bommai resented a revenue surplus budget in compliance with the Fiscal Responsibility Act and a revenue surplus of Rs 402 crore is estimated for 2023-24.

 Bommai said due to the Covid-19 pandemic, the state finances were badly affected resulting in noncompliance with the Fiscal Responsibility norms in the past few years. The economic experts had predicted that it will take five years for the revenue surplus budget but it had been achieved within two years.

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