Karnataka Budget 2023: Key highlights from CM Siddaramaiah's 14th budget

livemint.com:

₹2,50,933 crores, a capital expenditure of ₹54,374 crore and loan repayment of ₹22,441 crores is expected.  Karnataka CM Siddaramaiah while presenting the budget in the state assembly informed that government will provide an additional financial aid of ₹4,000 to ₹5,000 a month to each household through the five poll guarantees promised in the Congress party's manifesto. The five guarantees will cost the exchequer approximately ₹52,000 crore annually and are expected to benefit around 1.3 crore families Karnataka government has decided to hike the additional excise duty on Indian Made Foreign Liquor (IMFL) by 20% on all 18 slabs.

CM Siddaramaiah informed that the duty on beer will be increased from 175 percent to 185 percent. "Even after the increase in excise rates, the price of liquor in our state would be lower when compared to the neighbouring states," Siddaramaiah noted.

Karnataka government has announced that Education will be allocated ₹37,587 crore or almost 11 percent of the budget on Education while ₹24,166 or around 7 percent of the budget was been allocated for Women and Child Development. Karnataka govt announces life and accident insurance of ₹4 Lakh to e-commerce delivery employees working with Swiggy, Zomato, Amazon etc.

This includes ₹2 lakh life insurance and ₹2 lakh accident insurance and covers both full-time and part-time delivery persons. In a bid to ease the traffic issue in Bengaluru, Karnataka CM Siddaramiah has allocated ₹30,000 crore for the development of BMRCL's Namma Metro project.

The Chief Minister has also announced ₹8,409 crore for the comprehensive development of Bengaluru city. Karnataka government will set up Christian Development Corporation at a cost of ₹100 crore annually.