Karnataka finances 2025 dwell updates: CM Siddaramaiah presents finances for sixteenth time
Karnataka finances 2025 dwell updates: Karnataka chief minister Siddaramaiah, who additionally serves because the state’s finance minister, will current the 2025-26 Price range at present after the session started on March 3. This marks his sixteenth finances, setting a document. On March 4, the Enterprise Advisory Committee, led by Siddaramaiah, accepted a wage hike for state legislators, a transfer prone to spark controversy. When the BJP-led authorities raised MLA salaries in February 2022, there was little opposition from Congress or JD(S)….Learn Extra
Forward of the finances presentation, Siddaramaiah described it as greater than a monetary assertion, calling it a roadmap for the seven crore folks of Karnataka. He assured that the finances goals to learn all sections of society by way of authorities schemes.
The finances measurement is anticipated to achieve ₹4 lakh crore, up from ₹3.71 lakh crore within the present fiscal yr.
In a put up on ‘X’, the CM stated he had consulted cupboard ministers, senior officers, farmers, backward class organisations, minority teams, and non secular leaders to deal with public aspirations in a non-partisan method.
“Over the past few days, I have held meetings with our cabinet ministers; senior officials of various departments; leaders of — farmers, exploited, minority, backward class organizations; and religious leaders,” he wrote.
A key problem on this finances might be balancing funds between infrastructure and social welfare, notably the federal government’s 5 assure schemes, for which ₹52,000 crore was allotted in 2024-25. There are expectations of elevated borrowings to finance developmental initiatives.
In the meantime, BJP-JD(S) MLAs have sought a further ₹5 crore per constituency for growth. A delegation led by BJP state president B Y Vijayendra and Chief of Opposition R Ashok met Siddaramaiah to request ₹50 crore for infrastructure, roads, and fundamental services in all constituencies.
Observe all of the updates right here:
Mar 7, 2025 10:21 AM IST
Karnataka finances 2025 dwell updates: ‘We are there to protect the people of Karnataka,’ says dy CM DK Shivakumar
Karnataka finances 2025 dwell updates: Forward of the state finances, Karnataka DCM DK Shivakumar criticised the BJP, stating that the social gathering ought to clarify what it has carried out for Karnataka. He accused the BJP of missing the braveness, voice, and ethical proper to guard the state, including that the central finances didn’t allocate something for Karnataka.
Shivakumar asserted that the Congress authorities is dedicated to safeguarding the state’s pursuits and fulfilling its guarantees, not like the BJP’s tenure. He dismissed BJP’s criticism, saying, “Let them do whatever they want.”
Mar 7, 2025 10:10 AM IST
Karnataka finances 2025 dwell updates: State govt unlikely to scale down social spending regardless of monetary constraints
Karnataka finances 2025 dwell updates: Regardless of monetary constraints, the state authorities is unlikely to cut back spending on its 5 assure schemes, which obtained ₹52,000 crore final yr.
The finances can be anticipated to concentrate on balancing growth initiatives with rising borrowings, which can exceed ₹1.25 lakh crore.
Mar 7, 2025 9:59 AM IST
Karnataka finances 2025 dwell updates: CM Siddaramaiah to current his document sixteenth finances at present
Karnataka finances 2025 dwell updates: Chief minister Siddaramaiah is ready to current his sixteenth Karnataka Price range on Friday, the best by any chief within the state’s historical past.
With an outlay anticipated to surpass ₹4 lakh crore, the finances is prone to prioritise infrastructure growth whereas sustaining funding for welfare schemes.