Bengaluru, March 7 -- Presenting Karnataka Budget 2025-26, Chief Minister Siddaramaiah on Friday expressed concern over the sharp decline in central transfers to the state following the implementation of the 15th Finance Commission's devolution formula. The Chief Minister highlighted that Karnataka has suffered the steepest decline in its share of tax devolution among states, with its allocation in the divisible pool dropping to 3.647 per cent during the 15th Finance Commission period from 4.713 per cent in the 14th Finance Commission period. This represents a 23 per cent reduction, translating to an estimated revenue loss of Rs 12,000 crore per year. In its report, the 15th Finance Commission had recommended a special grant of Rs 5,495 cro...