Highlights of the Karnataka Budget 2023-24
The Hindu
Karnataka Chief Minister Siddaramaiah presented his 14th State Budget on July 7
Karnataka Chief Minister Siddaramaiah presented his 14th State Budget on July 7. He presented a Budget with a total outlay of ₹3,27,747 crore, up from ₹3,09,182 crore in the Budget presented by former Chief Minister Basavaraj Bommai in February 2023, for the same fiscal year (2023-24).
While the Budget presented by Mr. Bommai before the Assembly elections did not impose any new tax, the Budget presented by Mr. Siddaramaiah on July 7 has increased the Additional Excise Duty on Indian Made Liquor by 20%, and on beer by 5.71%. The government has also promised to relaunch the ‘Arivu’ scheme under which education loan up to a maximum of ₹1 lakh with 2% interest will be provided to students of OBC communities pursuing professional courses like Engineering, Medical, etc.
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