Good resource mobilisation attributed to tight enforcement
`All budgeted works will be provided the funds required'Departments told to ensure that funds are appropriately utilised
Bangalore: Karnataka is expected to net a whopping Rs. 2,500 crore or more of additional resources in the current year.
Deputy Chief Minister B.S. Yediyurappa, who holds the Finance portfolio, told presspersons here on Wednesday that Karnataka had scored over all other States in the matter of additional resource mobilisation and this had enabled the State to introduce several welfare schemes apart from providing adequate funds for infrastructure works, including maintenance of roads by the Public Works Department.
Good resource mobilisation has been attributed to tight enforcement and plugging of loopholes which hitherto was one of the main reasons for revenue leakage.
The Government has said that all budgeted works would be provided the requisite funds and that it was now for the implementing departments to ensure that the funds earmarked were appropriately utilised. Nearly 10 lakh families have been covered under a variety of welfare schemes, so far.
With the sales tax on petroleum products being very high in Karnataka in comparison with other States, the Government was also contemplating a reduction and a discussion would be held with Chief Minister H.D. Kumaraswamy. It may be recalled that all Congress-ruled States had refrained from a sales tax increase during the recent hike in the prices of petroleum products while Karnataka had proportionately increased the sales tax.
Mr. Yediyurappa said while the resource mobilisation between February and October last year by four important revenue generating departments was Rs. 10,451 crore, it was Rs. 12,844 crore this year and the total additional resources thus generated was Rs. 2,393 crore. This year, the Government had set a revenue growth target of 25 per cent and by all accounts this would be surpassed. He said that most of the additional resources had been generated by the Commercial Tax Department, the Stamps and Registrations Department, the Excise Department and the Transport Department.