Karnataka Budget 2026-27: Share of Central funds decreasing by the year adds to fiscal pressure
The share of Central transfers in Karnataka's revenue receipts is declining, falling from 32.1% in 2017-18 to 25.1% in 2026-27, according to the Medium Term Fiscal Plan (MTFP). This trend has persisted despite the 16th Finance Commission Report revising the State's share of the tax pool. The decline is attributed to factors like changes in centrally sponsored schemes, delays in Central fund releases, and limited Central cost-sharing for social security programs. The MTFP highlights that this shift in fiscal responsibility places a significant burden on the State government.
12 MAR 2026
— The Hindu
Vijayendra, the BJP State president, condemned the 2026-27 Karnataka state budget, accusing the Chief Minister of driving the state into debt through excessive borrowing.
14 MAR 2026
— The Hindu
Karnataka's Chief Minister promised additional funding for the third phase of the Upper Krishna Project (UKP) to address regional imbalances in the state.
— The Hindu
Karnataka Chief Minister Siddaramaiah confirmed that byelection dates for Bagalkot and Davangere Assembly constituencies will be announced within a week.
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