Excise revenue from liquor sales inKarnatakahas seen a 65% jump over the last five years, increasing from Rs 17,948.5 crore in 2017-18 to Rs 29,600 crore in 2022-23.The revenue is estimated to double by March 2024, given the budgetary target of Rs 36,000 crore from liquor sales, as enumerated in CM Siddaramaiah’s budget proposal.<\/p>\n
Revenue from liquor sales over the past decade and-a-half has seen a whopping 600% jump, with the trend likely to continue as successive state governments find tipplers an easy target whenever faced with the challenge of mopping up revenue. In his budget proposal, Siddaramaiah announced a hike of 20% in the additional excise duty levied on liquor to mobilise funds to meetCongress’ five poll guarantees.<\/p>\n
The hike, to be effective from next month, is the 11th since 2008 and the eighth in the last ten years. The has hikedAEDby a massive 52% over just three years, apparently to meet a shortfall in revenue generation owing to the pandemic.<\/p>\n","protected":false},"excerpt":{"rendered":"