Karnataka Chief Minister (CM) B.S. Yediyurappa who also holds the Finance Portfolio presented the State Budget for FY 2021-22 (‘Karnataka Vikasa Patra 2021’) with an outlay of INR 2, 46, 207 Crore.
- No Additional Taxes were levied in the Budget.
- It was a revenue deficit budget, the estimated revenue deficit for 2021-22 is INR 15, 134 Crore.
- The size of the budget is INR 8, 314 Crore more than the budget allocated in 2020-21.
- Karnataka’s Gross State Domestic Product (GSDP) contracted by 2.6% in 2020-21.
Fiscal Indicators
- Revenue Expenditure – INR 1, 87, 405 Crore
- Capital Expenditure – INR 44, 237 Crore
- Fiscal Deficit – INR 59. 240 Crore (3.48% of Gross State Domestic Product (GSDP))
Major Announcements
- INR 7, 795 Crore has been allocated for overall development of Bengaluru under ‘Bengaluru Mission 2022’.
- INR 850 Crore for suburban rail project in Bengaluru.
- Establishment of 500 MW capacity Inter State Transmission System (ISTS) solar power park at a cost of INR 350 Crore in Firozabad, Kalaburagi district.
- INR 500 Crore for promotion of organic farming.
- One Goshala for each district for protection of cattle wealth in Karnataka.
- Establishment of food park under Atma Nirbhar Bharat Abhiyan scheme in Ittangihal village of Vijayapura district.
- INR 2 Crore granted to strengthen Tele-ICU.
Industrial Park
Proposal for setting up 12 Industrial parks – Plastic park, Food park, Ecotourism park, Tree parks, Signature Business Park, Solar Park.
Click here to read the full budget
About Karnataka:
Governor – Vajubhai Vala
Capital – Bengaluru
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