Increase in taxes, prioritisation of government programmes, and additional borrowings will together fund the five pre-poll guarantees of the Congress government, even as allocation to some crucial departments and subsidies have come down in the full-fledged “guarantee Budget” presented by Chief Minister Siddaramaiah on Friday.
The five guarantees are expected to cross ₹52,000 crore annually when implemented in the full year. Mr. Siddaramaiah estimated that ₹35,410 crore is required to fulfil the guarantees in the rest of this year.
