Under guarantee schemes strain, Karnataka’s fiscal deficit hits 3% ceiling | Bengaluru News
Bengaluru: Karnataka has hit the 3% fiscal deficit ceiling — the maximum permitted under the Fiscal Responsibility Act — as borrowings surge to meet expenditure commitments outlined in the 2025-26 budget. Though the state projected a fiscal deficit of 2.95% of gross state domestic product (GSDP), estimated at Rs 90,428 crore, in the 2025-26 budget…

