Karnataka Budget: CM Siddaramaiah highlights fiscal control, Bengaluru focus

Karnataka Chief Minister Siddaramaiah while presenting the Budget claimed that the state government has maintained fiscal deficit of the state for the financial year 2025-26.

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The total expenditure estimated for the financial year 2025-26 is Rs.4,09,549 crores which includes revenue expenditure of Rs. 3,11,739 crores, capital bottom expenditure of Rs. 71,336 crores and loan repayment of Rs. 26,474 crores.

According to the Karnataka government's Budget, for the financial year 2025-26, revenue deficit is estimated to be Rs. 19,262 crores, which is 0.63 per cent of Gross State Domestic Product (GSDP).

Fiscal Deficit is estimated to be Rs. 90,428 crores, which is 2.95 per cent of GSDP.

Total liabilities at the end of 2025-26 is estimated to be Rs. 7,64,655 crores, which is 24.91 per cent of GSDP.

"By keeping fiscal deficit and total outstanding liabilities within the limits mandated under Karnataka Fiscal Responsibility Act, we have maintained fiscal discipline in the financial year 2025-26," said the Chief Minister.

The Karnataka government in this Budget has given priority to basic infrastructure in Bengaluru city and announced measures to battle traffic congestion in the city.