“‘People want development but there is no money’: Financial advisor to CM Siddaramaiah exposes how Congress is ruining Karnataka with freebies”, Opindia, July 12, 2024:
“On 11th July, Basavaraj Rayareddy, Karnataka Chief Minister Siddaramaiah’s financial advisor said that the state lacks funds for development projects due to guarantee schemes. The crisis arose as enormous amounts of funds had to be set aside for Congress’ freebies.
Speaking at an event at Mangaluru village in Yelburga taluk in Koppal district, Rayareddy said: “Many MLAs are demanding funds for development works in their constituencies, however, there is no money with the government. We are spending approximately Rs 65,000 crore on guarantee schemes. Since I am the financial advisor, I somehow manage to get the grant for lake development project.”
“People want development. But believe me, there is absolutely no money. Since I am the financial advisor, I managed to get funds for the lake development project here,” he emphasised……”
Read the full article at Opindia.com
