Karnataka facing budget crunch? Here's what Deputy CM Shivakumar says

livemint.com:

₹52,000 crore annually and is expected to benefit around 1.3 crore families. However, former Chief Minister B S Yediyurappa said the budget lacks a comprehensive development vision of the state and would burden people with taxes. he had said, as PTI quoted "Chief Minister Siddaramaiah has said he will borrow ₹86,000 crore.

The burden of the debt will fall on the citizens of the state." To this, Deputy CM DK Shivakumar replied, as quoted by news agency ANI, "Who said that? Karnataka is a very strong state. We have made plans, we are going to implement them. It is the land of Basavanna, we are going to implement whatever we said.

Siddaramaiah has given a budget and every financial aspect has been kept ready. We are going to implement even after elections." ALSO READ: Karnataka Budget 2023: Key highlights from CM Siddaramaiah's 14th budget Replying to opposition allegations of financial crisis in the state, Karnataka Congress MLA Dinesh Gundu Rao said, "No. There is no crisis." Among others who hit out at BJP's allegations, include Karnataka Large and Medium Industries minister MB Patil.

He had said, "The budget has also exposed the lapses and fiscal indiscipline of the previous Bharatiya Janata Party (BJP)'s tenure." He also asserted CM Siddaramaiah knows how to generate revenue. In the budget presented in the state assembly, CM Siddaramaiah hike the additional excise duty on Indian Made Foreign Liquor (IMFL) by 20% on all 18 slabs. Also, the government announced that education will be allocated ₹37,587 crore, or almost 11 percent of the budget for Education while ₹24,166, or around 7 percent of the budget was been allocated for Women and Child Development.