Finance
Reform Tracker
SR2026 recommendations and the arrears settlement schedule as a public ledger.
Promise Tracker
- pending
GLIDE Borrowings-to-capital glide
Borrowings funding capital >= 15% FY27 -> >= 30% FY29 -> >= 50% FY31-32
Checked at fiscal-year close
- pending
R1 Credible budget estimates
FY27 SOTR BE within 90,800-92,100 cr (mean realisation 86.2% basis)
Checked at the 19 Jun 2026 budget
- pending
R10 Bevco-Supplyco merger set-off
Merger with separate divisions; tax set-off basis per Bevco tax paid 48.41/84.66/47.33 FY23-25
Checked at fiscal-year close
- pending
R13 Capex release calendar
Q1 30 / Q2 30 / Q3 25 / Q4 15; March <= 5% of annual capex
Checked at the 19 Jun 2026 budget
- pending
R13d SCSP+TSP absolute floor
FY27 floor ~3,915.45 cr (norm 12.64% of plan outlay)
Checked at the 19 Jun 2026 budget
- pending
R2 Treasury discipline protocol
WMA <= 60 days/yr; Overdraft = never-event
Tracked in monthly AG accounts
- pending
R3_R16 KSSPL termination -> DBT
Welfare pension distribution moves to Aadhaar-linked DBT
Checked at fiscal-year close
SR2026 recommendations
1. Redirect the 50% Motor Vehicle Tax KIIFB earmark to the Consolidated Fund
End the off-budget MVT earmark so the ~₹3,300 cr/yr share flows to the Consolidated Fund.
Baseline2. Recover withheld KSEBL electricity duty and divest non-strategic PSEs
Collect the withheld electricity duty and exit non-strategic public enterprises.
Baseline3. Increase the retirement age and move to a longer pay-revision cycle
Raise the retirement age (~₹6,000 cr/yr saved per year raised) and lengthen the pay-revision cycle.
Baseline4. Strengthen SGST compliance and analytics
Close the SGST gap toward the major-states 3.09% of GSDP through compliance analytics.
Baseline5. Modernise stamp duty and property-tax administration
Update valuation and digitise stamp duty / property tax for buoyancy.
Baseline6. Rationalise non-tax user charges with lifeline exemptions
Revise long-frozen user charges while protecting lifeline slabs.
Baseline7. Reform excise and restructure the lottery toward net yield
Shift excise and the lottery toward net revenue rather than gross turnover.
Baseline8. Replace KSSPL welfare-pension distribution with Aadhaar-linked DBT
Terminate the KSSPL borrowing route and pay welfare pensions by direct benefit transfer.
Baseline9. Restructure KIIFB borrowing and bring obligations on-budget
Refinance the HUDCO/PFC/REC block and pursue UDAY-style absorption so DEBT_B and DEBT_C converge.
Baseline10. Raise capital expenditure toward 2.5% GSDP on a disciplined release calendar
Lift capex from 1.30% toward 2.5% of GSDP with a Q1 30 / Q2 30 / Q3 25 / Q4 15 release calendar.
Baseline11. Protect the SCSP/TSP welfare floor
Hold SCSP/TSP at the norm 12.64% of plan outlay (≈₹3,915 cr floor in FY27).
Baseline12. Clear the DA/DR arrears stock on the G.O.(P)44/2026 schedule
Settle the ₹48,733 cr arrears across the eight-instalment G.O.(P)44/2026 schedule by FY30.
Baseline
Arrears settlement
9 components
₹48,733 cr
| Instalment | FY | cr | Status |
|---|---|---|---|
| 1 | FY2026-27 | ₹4,507.13 cr | Due |
| 2 | FY2026-27 | ₹4,507.13 cr | Due |
| 3 | FY2027-28 | ₹4,507.13 cr | Due |
| 4 | FY2027-28 | ₹4,507.13 cr | Due |
| 5 | FY2028-29 | ₹4,507.13 cr | Due |
| 6 | FY2028-29 | ₹4,507.13 cr | Due |
| 7 | FY2029-30 | ₹4,507.13 cr | Due |
| 8 | FY2029-30 | ₹4,507.13 cr | Due |