Karnataka CM Presents State Budget in Legislative Assembly

Karnataka Chief Minister B S Yediyurappa today presented the state budget in the legislative Assembly with emphasis on Women empowerment, agriculture, and irrigation. He has not put the burden of additional taxes on the common people saying that the people are already burdened due to the pandemic. He informed that due to the pandemic the State GDP has contracted by 2.6 percent in comparison with that of 2019-20.

 

The budget has handed over a small bonanza for women on International Women’s Day. The Women oriented programs



got a grant of 37,188 crore rupees. The stamp duty was reduced from five to three percent on buying apartments priced between 35 to 45 lakhs.

The Budget has set a target of earning 12,655 crore rupees revenue from the stamps and registration tax. The Revenue deficit of the state is estimated to be 15,134 crore rupees during the next financial year and the fiscal deficit is expected to be 59,240 crore rupees. The total liabilities at the end of 2021-22 are estimated to be 4,57,899 crore rupees which are 26.9 percent of the GSDP.