Siddaramaiah presents Karnataka state Budget

Karnataka Chief Minister Siddaramaiah started presenting the state funds on Friday within the Assembly in Bengaluru, marking his fifteenth funds presentation and eighth because the chief minister, which is the very best by any CM within the state.

Siddaramaiah started funds speech by quoting Kannada legend Dr Rajkumar’s tune from the movie Bangarada Manushya and likewise quoted a Vachana by Lingayat thinker Aydakki Lakkamma. The Karnataka Budget outlay stands at ₹3.71 lakh crore this 12 months.

This funds announcement additionally comes months forward of the essential and much-anticipated Lok Sabha election in April or May this 12 months. The 5 major ballot ensures of the Congress get together are anticipated allocations within the funds.

The 5 assure schemes are anticipated to value the federal government Rs 50,000 crore to Rs 60,000 crore yearly. The opposition BJP and JD(S) have been claiming that the assure schemes have drained the treasury of the state and the federal government is unable to take up any improvement work.

CM Siddaramaiah had introduced a funds with a complete outlay of three.27 lakh crore in 2023-24. According to sources, the CM is all set to current the funds with an outlay of Rs 3.80 lakh crore. The credit are anticipated to cross Rs 1 lakh crore.

The CM can also be more likely to announce the creation of latest districts from current Belagavi and Tumakuru districts. Ahead of the funds presentation, the CM will chair a particular cupboard assembly to get the approval for the funds.

(With inputs from IANS)