CM Siddaramaiah to present budget today

by IANS |

Bengaluru, Feb 16 (IANS) Karnataka Chief Minister Siddaramaiah is all set to present the state budget on Friday in the Assembly here.


This will be his 15th budget presentation and eighth as the chief minister, which is the highest by any CM in the state.


All eyes are on the revenue generation mechanism for the five guarantee schemes which are expected to cost the government Rs 50,000 crore to Rs 60,000 crore annually.


The opposition BJP and JD(S) have been claiming that the guarantee schemes have drained the treasury of the state and the government is unable to take up any development work.


CM Siddaramaiah had presented a budget with a total outlay of 3.27 lakh crore in 2023-24. According to sources, the CM is all set to present the budget with an outlay of Rs 3.80 lakh crore. The credits are expected to cross Rs 1 lakh crore.


The CM is also likely to announce the creation of new districts from existing Belagavi and Tumakuru districts.


Ahead of the budget presentation, the CM will chair a special cabinet meeting to get the approval for the budget.


BJP's state President B.Y. Vijayendra said that they have no expectation from the state budget. Taking to social media, he said on Thursday that the state budget will be a "bundle of lies and loans".

Latest News
Most people unaware obesity can raise 20pc lifetime risk of pancreatic cancer: Study Wed, Oct 30, 2024, 04:59 PM
Late menopause may raise risk of asthma in women: Study Wed, Oct 30, 2024, 04:58 PM
Second train with 840 tonnes of onion arrives in Delhi to boost availability Wed, Oct 30, 2024, 04:58 PM
Digital transactions at Vietnamese banks reach 98 pc Wed, Oct 30, 2024, 04:57 PM
Fiji announces school support programme Wed, Oct 30, 2024, 04:55 PM
Godhra incident will not be taught in Rajasthan schools: Education Minister Wed, Oct 30, 2024, 04:51 PM
KT Rama Rao's brother-in-law appears before police in farmhouse party case Wed, Oct 30, 2024, 04:49 PM
Indian youth among best in innovation & technology: PM Modi Wed, Oct 30, 2024, 04:48 PM
2 hospitalised after 'significant fire' in British nuclear sub shipyard Wed, Oct 30, 2024, 04:39 PM
Nitish Kumar Reddy sees India A games as vital learning opportunity before BGT Wed, Oct 30, 2024, 04:38 PM
Minorities under attack in Pakistan: Maryam Nawaz says 'hang my head in shame' Wed, Oct 30, 2024, 04:37 PM
STF nabs three criminals for killing bouncer in Gurugram Wed, Oct 30, 2024, 04:36 PM
'MUDA scam is deeper', BJP MP demands CM Siddaramaiah's resignation Wed, Oct 30, 2024, 04:07 PM
When Cong loses, they start raising doubts on EVMs, ECI: Naqvi on Haryana election row Wed, Oct 30, 2024, 04:05 PM
Congress plea on EVMs based on lies: Haryana minister Wed, Oct 30, 2024, 04:03 PM