With Legislative Assembly elections just a year away, Chief Minister Basavaraj Bommai, who will be presenting his maiden State Budget for 2022-23 on Friday, is unlikely to levy fresh taxes or hike the existing taxes/duties on fuel, essential commodities and liquor.
Two years of pandemic-linked economic slowdown has led to much suffering for the common man. Now, with the overall, rebound and recovery of the State economy, for the first time, the total size of the Budget is expected to cross ₹2.5 lakh crore.
The capital expenditure is likely to witness a sharp jump by focussing on infrastructure development, including irrigation, agro-processing and roads.
