Bengaluru, Dec 31 : Describing 2020 year as „trial by fire“ for the government with the onslaught of the pandemic, drought and floods, Karnataka Chief
Bengaluru, Dec 31: Describing 2020 year as “trial by fire” for the government with the onslaught of the pandemic, drought and floods, Karnataka Chief Minister B. S. Yediyurappa on Thursday said that the state was expected to face a revenue shortage of Rs 30,000 crore in 2020-21. Addressing his customary press conference on the eve of New Year here, Yediyurappa said the state is likely to face a financial setback in the coming fiscal year too, as a ripple effect from the current year’s crisis owing to the pandemic. Referring to the impact of pandemic on the state and its economy, the Chief Minister, who also holds the finance portfolio said, “We may face a fiscal setback of Rs 25,000 to Rs 30,000 crore and we may have to face this problem in the next budget as well.
