Karnataka Budget 2023 updates | CM Bommai presents revenue surplus Budget, outlay crosses ₹3 lakh crore

The budget has proposed a revenue surplus of ₹402 crore, breaking the trend of revenue deficit budgets for the past two years

Updated - February 17, 2023 02:59 pm IST

Published - February 17, 2023 10:08 am IST

Karnataka Chief Minister Basavaraj Bommai presents the State Budget 2023 on February 17, 2023

Karnataka Chief Minister Basavaraj Bommai presents the State Budget 2023 on February 17, 2023 | Photo Credit: CM’s Office

Aided by a buoyant economy, Karnataka Chief Minister Basavaraj Bommai presented a ‘please-all’ revenue surplus budget with no tax hike on February 17, less than 100 days ahead of Assembly elections in the State. The budget outlay has, for the first time, crossed the ₹3 lakh crore mark, and is pegged at ₹3,09,182 crore, up from ₹2,65,720 lakh crore in 2022-23.

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Fiscal deficit has been reined in at ₹60,581 crore, or 2.60% of Gross State Domestic Product (GSDP). With borrowings of ₹77,750 crore, the liabilities at the end of 2023-24 are pegged at ₹5,64,896 lakh crore, or 24.20% of GSDP, thereby satisfying all parameters of Karnataka Fiscal Responsibility Act, 2002.

The budget has proposed a revenue surplus of ₹402 crore, breaking the trend of revenue deficit budgets for the past two years, when the budgets did not comply with the Karnataka Fiscal Responsibility Act, 2002.

Also read: Ceiling for interest-free loans to farmers increased from ₹3 lakh to ₹5 lakh

The Budget speech is also being seen as a poll pitch for the ruling BJP and an exercise in “articulating the legacy” of Mr. Bommai. CM Bommai had earlier described the Budget as a “Budget for the voiceless”, with a focus on “farmers, working class, poor, and women”, setting its political tone.

Here are the latest updates:

  • February 17, 2023 14:00
    Record number of airports underway in the State

    Bengaluru used to be among the top five in 2019, occupying the fourth spot with a passenger share hovering between 7 % and 7.8%. File photo TH

    • Feasibility report has already been prepared for the construction of airports in Davangere and Koppal districts. Actions will be taken to commence construction this year.
    • Record number of 5 new airports work in Shivamogga, Vijayapura, Hassan, Raichur and Karwar districts. Shivamogga and Vijayapura airport to be completed this year itself, CM says.
    • Administrative approval has already been given for construction of Ballari airport, to be developed under PPP model through competitive bidding process.
    • Steps have been taken for upgradation of Mysuru airport with an allocation about Rs. 320 crore
  • February 17, 2023 13:37
    Transport: Here’s what the Budget offers
    • For induction of new buses, an allocation of Rs. 500 crore has been provided to road transport corporations. This will help corporations to procure a total of 1,200 buses.
    • “Chief Minister Insurance Scheme” for auto, taxi, truck drivers and people relying on gig economy. An insurance cover of Rs. 4 lakh has been announced.
    • New automated testing tracks will be opened in places such as Yelahanka, Kasturinagar, Tumakuru, Haveri, Sagara, KGF, Chintamani and other places, with an allocation of Rs. 85 crore
    • Utilising “Green Tax” resources, electric vehicles charging points will be set up at government offices and depots of road transport corporations
    • State government allocates Rs 1000 crore for the Bengaluru Suburban Rail project. First reach to be completed by 2024-25.
    • 40 km of metro lines under Phase II will be made operational this year.

    • To provide better road connectivity to Sir M Visvesvaraya Terminal in Baiyappanahalli, an allocation of Rs. 300 has been made.

  • February 17, 2023 13:21
    CM winds up Budget speech

    CM Bommai’s Budget 2023-24 speech lasted for over two-and-a-half hours. He ended the last Budget of his government’s term with estimates for the financial year.

    The state’s own tax revenue for 2023-24 is estimated at Rs 1.64 lakh crore. Rs 11,000 crore will be collected as non-tax revenue. The state government expects to receive Rs 37,252 crore as its share of central taxes and Rs 13,005 crore as grants from the Central government.

    For the first time in Karnataka, post-Covid the revenue receipt is expected to be more than revenue expenditure by Rs. 402 crore.

    This is a revenue surplus budget. The fiscal deficit is expected to be Rs 60,581 crore which is 2.6% of GSDP. Total liabilities at the end of 2023-24 are estimated at Rs 5,64,896 crore, which is 24.2% of GSDP.

  • February 17, 2023 13:11
    Tourism projects announced under Budget 2023-24
    • CM proposes building “majestic Rama Mandira” in Ramadevarabetta, Ramnagara district.

    • Anjanadri Hills in Koppal district to be developed at a cost of ₹100 crore
    • Ropeway project near Nandi Hills to be completed in current financial year.
    • Jungle Lodges and Resort property to be developed near backwaters of Manchanabele dam in Ramanagaram district at a cost of ₹10 crore
  • February 17, 2023 12:30
    Sector 4: Education
    • Under PM SHREE scheme, CM allocates Rs. 100 crore to develop the infrastructure in select schools
    • Budget allocates Rs. 86 crore to build 5,581 toilets in schools and colleges across the state
    • Under Viveka scheme, 1,955 additional class rooms will be built with an expense of Rs. 382 crore
    • Incentives increased to ₹4 lakh from ₹2 lakh this year for Scheduled Tribe students who get admissions at national-level educational institutions like IIT, IIM, IIS, NIT

  • February 17, 2023 12:13
    More personnel, upgradation of police stations
    • Two more FSL labs to be set up in Shivamogga and Tumakuru districts.
    • To strengthen Bengaluru police, 2,000 more personnel will be recruited at various levels. ₹50 crore grant to purchase new vehicles.

    • CM says spent ₹348 crore for construction of police stations and offices, and for upgradation and modernisation in 2022-23. Under new Budget, ₹410 crore will be used for construction of prisons and ₹51 crore for upgradation.

  • February 17, 2023 12:02
    Ovr 2 lakh houses to benefit from ‘Belaku’ electricity scheme

    Strong-objectio+GGVASJN5N.3.jpg.jpg

    • Electricity connection to 2.35 lakh households at a cost of ₹125 crore under Belaku scheme.
    • KPTCL to invest ₹300 crore on developing 50 new power sub-stations, 1060 circuit kilometres of transmission lines and strengthening the capacity of 100 existing sub stations.
  • February 17, 2023 11:34
    Bengaluru infrastructure gets Budget push
    • Tourism circuit in Bengaluru to familiarise tourists with the history of the city and its founder Kempegowda, CM Bommai’s budget said.
    • ₹1,000 crore for white-topping 120 km of road in Bengaluru, and another ₹450 crore for asphalting 300 km of arterial and sub-arterial roads in city.
    • To mitigate floods in Bengaluru, with World Bank assistance, ₹3,000 crore allocated to mitigate effects of climate change & floods.
    • ₹150 crore for developing 75 important junctions in Bengaluru to decongest traffic.
    • ₹9,698 crore for comprehensive development of Bengaluru

    03BG_BL01_FLATS_WATER__JUL_2019.jpg

  • February 17, 2023 11:29
    CM allocates funds for renovation of temples, mutts
    • Karnataka budget provides for Rs. 425 crore for renovation of temples and mutts by Hindu Religious and Charitable Endowments Department.
    • Karasamadhana Scheme for GST and Excise tax arrears and penalty by waiving it off if paid before June 30.
    • Professional Tax exemption limit raised from Rs. 15,000 to Rs. 25,000 per month.
  • February 17, 2023 11:11
    Sector 3: Health
    • CM announces 250 ‘She Toilets’ at the cost of ₹50 crore. The toilets will be constructed in heavily populated markets and mega commercial complexes of Bengaluru city. The state-of-the-art design will include toilets, feeding rooms, SOS emergency service etc.
    • Giving priority to early detection of non-communicable diseases, State Budget proposes mapping 45 taluk hospitals to Jayadeva Hospital and start branches of Kidwai in Shivamogga, Kalaburgi and Mysuru.
    • Proposal to start Vatsalya scheme for health check-up of children from 0-6 years of age, twice a year in rural areas
    • CM announces proposal to start six new ESI hospitals, 28 community health centres and 10 women and children hospitals.
    • Department of Women and Child Development to be bifurcated into the Department of Child Nutrition and Department of Women Empowerment.
    • CM Bommai announces ‘Gruhini Shakthi Yojane’. Under this, a new scheme called ‘Shrama Shakthi’ will be launched offering financial assistance of Rs. 500 per head per month will be provided to landless women farm labourers under DBT.
    • Free skill development training to one lakh women will be provided in the current fiscal.
    • Under ‘Arogya Pushti’, eligible married women will be provided with mid-day meals and other benefits for six months, once in a lifetime. Also, free bus passes will be given to all women working in the organised sector.
    • ₹500 crore allocated to set up a new medical college in Chitradurga.

    • PG courses launched at Mandya and in Hassan Institute of Medical Sciences, with a new 450-bed hospital in Chamarajanagar to provide tertiary care services

    • Super-speciality hospital in Kumta, Uttara Kannada district to come up this year.

    • Hospital on the lines of AIIMS in Raichur

  • February 17, 2023 11:10
    CM announces scheme for Mudhol hound

    A scheme of Rs. 5 crore to develop Mudhol Hound an indigenous canine breed, dog enthusiasts to be encouraged to adopt them.

  • February 17, 2023 11:05
    Sector 2: Welfare and Inclusive Growth
    • Honorarium of Anganawadi workers, cooks, ASHAs and librarians to be increased by Rs. 1,000
    • CM announced ‘CM Vidya Shakti Scheme’, under which free education will be provided to students purusing higher education in Government PU and degree colleges. Scheme to benefit 8 lakh students
    • State allocates Rs. 100 crore to road transport corporations to operate dedicated buses for students called ‘Makkala Bus’.

    • Fee of students who have completed school in rural government Kannada medium schools and are selected for professional courses under government quota will be borne by Karnataka Examination Authority (KEA).

    • CM proposes amendment to PTCL Act to protect the lands belonging to SC/ST communities.

    • To avoid delay in Ganga Kalyana scheme, government to transfer amount through e-rupee direct benefit scheme for beneficiaries

  • February 17, 2023 10:44
    Sector 1: Agriculture and Allied Activities

    10215_5-6-2018_15-18-50_1_05GNRAO-FARMER_1_.JPG

    • Over 30 lakh farmers in the state received agriculture loan to the tune of Rs. 25,000
    • CM announces Rs. 10,000 crore for the development of Bengaluru ahead of Assembly elections and BBMP election.

    • Key promises to farmers

    1. Interest-free loans for farmers will increase from ₹3 lakh to ₹5 lakh
    2. Bhoo Siri, a scheme for farmers, set to benefit 50 lakh farmers
    3. Jeevan Jyothi Insurance scheme for farmers and families worth ₹150 crore
    4. ₹50 crore for the scheme to procure 100 harvesters to farmers
    5. ₹10 lakh investment per Farmer Produce Organisations
    6. 1,000 small tanks to be developed
    7. Jala Nidhi, a scheme to improve groundwater, will be taken up under MNREGA

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  • February 17, 2023 10:33
    CM Bommai begins Budget presentation

    Karnataka economy has seen revival after slump during COVID years. Revenue generation has seen an upward swing, with 20% increase in revenue from various sources, says Mr. Bommai. “I am proud to say that I am able to present a revenue surplus budget,” CM announces

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  • February 17, 2023 10:23
    Siddaramaiah and Opposition leaders protest against Budget

    siddaramaiah karnataka budget 2023.jpeg

    Opposition Congress, led by Leader of Opposition Siddaramaiah, create a ruckus as Bommai begins Karnataka Budget 2023-24 presentation on “unmet promises” of the last Budget. All Congress leaders place a flower on their ear as a symbolic protest against the budget.

  • February 17, 2023 10:12
    CM Bommai visits temples before reaching Vidhan Saudha

    Karnataka Chief Minister Basavaraj Bommai at a temple before the 2023 State Budget session

    After visiting Srikanteshwara Temple in RT Nagar and Maruthi temple in Balabrooie in Bengaluru, Karnataka Chief Minister Basavaraj Bommai arrives at Vidhana Soudha ahead of Budget 2023 presentation today. This Budget marks the last Budget of Mr. Bommai led BJP government of this term.

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