00:00Karnataka in the upcoming budget, the finance minister, Nirmala Sita Ravanavarathra requested a request.
00:06The request is that we have to maintain the fiscal balance.
00:11But the fiscal balance is a funny one trick story.
00:15Imagine, Karnataka Raja has two family.
00:18In this family, there is income and expenditure.
00:21Income is tax.
00:22Income is infrastructure, roads, education, welfare projects and etc.
00:27So, if we have the income and expenditure, it is a fiscal balance.
00:32In simple words, government spend or earn is equal to the fiscal balance.
00:39However, there is a problem here.
00:41The center and state agree to the GST.
00:45If you collect the tax, then you compensate the loss for the state.
00:49In that time, the GST rates are cut.
00:52Now, Karnataka income is increased.
00:55Thousands of crores loss.
00:57But the expenditure is the same.
00:58For example, rural projects, education, roads, infrastructure, welfare schemes, etc.
01:04So, expenses are increased.
01:07Income is increased.
01:08Here, the fiscal balance is disturbed.
01:10This is the same.
01:11But the debt increases.
01:15The rest of the bill is increased.
01:19In this case, we pay a money for the GST tax.
01:22The first part is the GST tax cuts.
01:23The benefits of the GST tax cuts are taken.
01:24For the state's loss.
01:25The most important things will be paid for the compensation.
01:27This is simply same for the compensation fees.
01:28And the last part is the share-market tax.
01:29The cost side of the tax payments and theis is 50-50.
01:32So, you can pay for tax funds 50-50,
01:34and you can pay for the state and the center share.
01:37The Rural Job Scheme is full funding.
01:39The NG is a demand based.
01:41The Pending Funding is a small amount of poor people.
01:46The Pending Central Funds is a on-time release.
01:48The Pending Funds is a on-time release.
01:49The Pending Funds is a on-time release.
01:51The Pending Funds is a on-time release.
01:53So, finally,
01:54the state income is stable and the new expenses are managed.
01:57The Pending Funds is a stable and the government is a stable.
02:01So, to restore the fiscal balance,
02:03and maintain it is important to you.
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