US extends sanctions waiver for Russian oil already at sea, 23-yr-old elected youngest Indian-origin mayor of British town, Elections to 17 seats of Maharashtra legislative council on June 18, Oil companies now making losses of Rs 750 crores a day, down from Rs 1000 crores earlier: MoPNG,

Karnataka Budget: Siddaramaiah defends guarantee schemes

Karnataka Chief Minister Siddaramaiah, presenting his record sixteenth budget on Friday, strongly defended the government's five guarantee schemes and targeted the union government for the state's fiscal challenges. He also tried to emphasise that the budget was "development-oriented". The total expenditure for the 2025-26 budget is estimated to be Rs 4,09,549 crore. It includes revenue expenditure of Rs 3,11,739 crore, capital expenditure of Rs 71,336 crore and loan repayment of Rs 26,474 crore."By keeping fiscal deficit and total outstanding liabilities within the limits mandated under Karnataka Fiscal Responsibility Act, we have maintained fiscal discipline in the financial year 2025-26," said the Chief Minister. The government has allocated Rs 83,200 Cr for Karnataka’s Growth!.

The Karnataka government in this Budget has given priority to basic infrastructure in Bengaluru city and announced measures to battle traffic congestion in the city. In this budget, the yearly grant of Rs. 3,000 crores which was being provided to Bengaluru city, has been enhanced to Rs. 7,000 crores in the current year. In order to strengthen the 'Brand Bengaluru' Plan, Rs. 1,800 crores have been set aside for 21 schemes during the FY 2024-25. A 'Comprehensive Health Programme 'will be implemented over the next 3 years under Brand Bengaluru Plan Rs. 413 crore swith the goal of making a cost of Bengaluru a city of global health standards.
The state Budget 2025-26 has also given specific focus to minorities. To provide formal education along with religious education in madrasas, computers, smart boards and other necessary basic facilities will be provided to the students to prepare them for writing SSLC examination through NIOS.

( State Correspondent)

 


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