5 guarantees land Karnataka Congress in trouble faces 'development fund issues'

Karnataka Chief Minister Siddaramaiah’s economic advisor Basavaraj Rayareddi has said that huge allocations to the five guarantees of the state government have made it difficult to get funds for developmental works.

The Congress MLA from Yelburga in Koppal district was speaking at a farmers’ meeting after launching work at a lake at Mangaluru village in his Assembly



segment.

“The Chief Minister has made me his economic advisor, and as I interact with him daily, this money has come (for the lake project), or else it wouldn’t have come…impossible. This is the only work that is happening in the entire state, because guarantees will itself finish things… Rs 60,000-Rs 65,000 crore we have to spend for it (guarantees). I know how difficult it is, internal finance” Rayareddi said.