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Karnataka Budget 2022 highlights

A mountain of expectations. That’s how Karnataka Chief Minister Basavaraj Bommai’s office described the anticipation surrounding the maiden Budget. CM Bommai has announced an increased allocation in welfare schemes for the socially and economically weaker sections. Also, the chief minister has announced Rs 1000 crore for the Mekedatu water project that will greatly help Bengaluru city. Thanks for tuning in for live updates on DH.

 

Karnataka Budget 2022: Budget Estimates for 2022-23 Fiscal

Government sets GST collection targets of Rs 76,743 for 2021-22 fiscal

Revenue collection target for Commercial Taxes Department for 2022-23 fixed at Rs 77,010 crore.

Total receipts projected at Rs 2.61 lakh crore

Total expenditure Rs 2.65 lakh crore

Revenue Deficit is estimated at Rs 14,699 cr and fiscal deficit at Rs 61,564 crore, which is 3.26% of GSDP.

Total liabilities at the end of 2022-23 estimated at Rs 5.18 lakh cr, which is 27.49% of GSDP.

Rs 29,000 crore target for Excise Department and Rs 8,007 crore for Transport Department

Revenue collection target of Rs 15,000 crore for Stamps and Registration Department for 2022-23 fiscal

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