Karnataka Government Fails To Reach Target In Tax Collection, Incurs Heavy Financial Loss
Bengaluru; As the budget year 2024-25 approaches its conclusion, the Karnataka state government finds itself grappling with significant financial challenges. Amid the strain of five major welfare guarantees, the government has struggled to meet its own tax collection targets as outlined in the budget. This year, the state has seen a pronounced shortfall in its revenue collection, prompting a revision of the originally set targets. The situation is not entirely unexpected; similar patterns were observed in the previous financial year. Despite the ambitious targets set forth in last year’s budget, the government failed to achieve its expected tax collection. This led to a subsequent revision of those targets as reality set in, highlighting the discrepancies between projected revenue and actual collection.
- 31 Mar 2025
- WerIndia
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