PUBLIC EXPENDITURE AND AGRICULTURAL DEVELOPMENT: INSIGHTS FROM KARNATAKA

This study examines public expenditure on agriculture in Karnataka from 1990 to 2023, highlighting trends and patterns in spending. It reveals that while Karnataka’s total expenditure on agriculture has increased significantly, the focus remains predominantly on revenue expenditure rather than capital expenditure. This contrasts with national trends, where there's a gradual shift towards more balanced spending. The Compound Annual Growth Rate (CAGR) for Karnataka shows significant variability, including a recent decline, while other states like Maharashtra exhibit higher and more stable growth rates. The analysis includes a comparative review with other Indian states, showing Karnataka's strong emphasis on operational costs and lower capital investment compared to states with larger agricultural sectors. This study underscores the need for a more balanced approach in agricultural investment to support long-term growth and development. KEY WORDS: Public Expenditure, Agriculture, Revenue Expenditure and Capital Expenditure