(By Aryavart International University, India)
Varsha. N, Dr. N Rangaswamy
Vol. 17, Issue 1, Jan-Jun 2024
Abstract:
Economic growth and its distribution across different sections of society depend on the patterns of public expenditure in developing countries like India. The compound annual growth rate (CAGR) of public expenditure has been accompanied by an increase in the Gross State Domestic Product (GSDP). The increase in per-capita public expenditure in Karnataka was much faster after the reform period. The total public expenditure as a percentage of GSDP decreased during the post-reform period as compared to that of the pre-reform period. The compound growth rate of public expenditure on revenue accounts was higher than the capital expenditure during the same period. The growth of non-plan expenditure was registered to be higher than that of development expenditure in Karnataka. The CAGR of plan expenditure was higher compared with that of non-plan expenditure. The study based on secondary data attempts to examine the trends and patterns of public expenditure during 1980-81 to 2021-22 in Karnataka.