GSDP contracts by 2.6% for 2020-21, revenue deficit budget for 2021-22

GSDP contracts by 2.6% for 2020-21, revenue deficit budget for 2021-22

The Hindu

The COVID-19 pandemic has cast a long shadow on the State's financial situation. While the Gross State Domestic Product (GSDP) for 2020-21 is estimated to contract by 2.6% compared to the previous year, Chief Minister B. S. Yediyurappa termed the preparation of the 2021-22 State budget “unprecedentedly difficult” and presented a revenue deficit budget, for the first time in recent times, in the Karnataka Assembly on Monday. The State budgets have always been revenue surplus in recent years. The revenue deficit for 2021-22 is estimated to be ₹15,134 crore.
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