Amidst a tightrope walk for the government that is implementing guarantee schemes, Karnataka is set to miss its revenue target this year by about ₹ 10,000 crore for a range of reasons, including drought and GST issues, though overall State’s own tax revenue is estimated to grow by 12 %.
Speaking on other reasons for not meeting the target, a Finance Department official said that the State had set an ambitious target for 2023-24, anticipating higher growth that did not happen.
