Bengaluru, Feb. 25 -- The Congress-led state government is driving Karnataka towards bankruptcy, Karnataka BJP president BY Vijayendra said on Monday in response to chief minister Siddaramaiah's recent dismissal of opposition claims about an economic crisis.

Two days after Siddaramaiah rejected allegations that the state's finances were in distress, Vijayendra, in an open letter, challenged the CM's narrative, alleging that fiscal mismanagement, diversion of funds, and mounting debts had weakened Karnataka's financial stability. The letter comes ahead of the state budget presentation on March 7.

Vijayendra said that state's financial health was deteriorating due to unfulfilled guarantees and reckless borrowing. He pointed out that gover...