Karnataka Budget 2026: CM Siddaramaiah presents his 17th budget, with an outlay of ₹4,48,004 crore
Siddaramaiah, the Karnataka Chief Minister, presented a budget for 2026-27 with a total outlay of ₹4,48,044 crore, representing a 13.3% increase from the previous year. Despite concerns over GST revenue due to rate rationalization, the state's share of the tax devolution pool increased, mitigating the shortfall. The budget adheres to the Karnataka Fiscal Responsibility Act and projects a fiscal deficit of ₹97,449 crore, while capital expenditure saw a modest increase. Siddaramaiah emphasized the government's commitment to economic growth, highlighting Karnataka's outpacing national growth rates in recent years.
12 MAR 2026
— The Hindu
Vijayendra, the BJP State president, condemned the 2026-27 Karnataka state budget, accusing the Chief Minister of driving the state into debt through excessive borrowing.
14 MAR 2026
— The Hindu
Karnataka's Chief Minister promised additional funding for the third phase of the Upper Krishna Project (UKP) to address regional imbalances in the state.
— The Hindu
Karnataka Chief Minister Siddaramaiah confirmed that byelection dates for Bagalkot and Davangere Assembly constituencies will be announced within a week.
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