Karnataka CM Siddaramaiah Unveils ₹4 Lakh Crore Budget with Focus on Welfare and Infrastructure
The 16th budget presented by Siddaramaiah emphasizes social schemes, infrastructure projects, and economic growth while addressing financial constraints.
- The Karnataka 2025-26 budget has an outlay of ₹4 lakh crore, an increase from ₹3.71 lakh crore in the previous fiscal year.
- ₹52,000 crore has been allocated to sustain the government's five guarantee welfare schemes, which aim to alleviate poverty and promote social justice.
- Major infrastructure initiatives include ₹1,800 crore for 'Brand Bengaluru' projects, metro expansions to Kempegowda International Airport, and funding for flood management and drainage improvements.
- The state's GDP grew by 7.8%, with agriculture recording 4% growth, surpassing the national average, according to CM Siddaramaiah.
- Additional measures include capping multiplex ticket prices at ₹200, establishing 250 Moulana Azad Model Schools, and allocating ₹555 crore for the Cauvery water supply project.