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The Hindu
The Hindu
National
Nagesh Prabhu

Siddaramaiah presents welfare-centric Budget with no new taxes ahead of LS polls

Budget Karnataka

Projecting the “Karnataka Model” of development as an example, by focusing on the five guarantees that Chief Minister Siddaramaiah promised would ensure positive changes in the lives of crores of people — mainly women and marginalised sections — the State Budget for 2024-25 sought to demonstrate that welfare has the pride of place in the Congress government.

Revenue deficit

Ahead of the Lok Sabha 2024 elections, Mr. Siddaramaiah has not levied any new taxes. The Budget pegged borrowings at ₹1,05,246 crore, which is 28% of the Budget size of ₹3,71,383 crore in 2024-25. Revenue deficit is expected to touch ₹27,354 crore.

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