Budget for Karnataka 2024: What did Bengaluru receive? Complete information

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(Budget For Karnataka 2024)

According to Siddaramaiah, showcasing Bengaluru as a global city is his government’s top goal, and the majority of funds are allocated to infrastructure projects.

Budget for Karnataka

On Friday, Karnataka Chief Minister Siddaramaiah unveiled the state budget, which has an expenditure of Rs. 3.71 lakh crores. For the fifteenth time in his political career, the chief minister, who also serves as the finance position holder, unveiled the budget. He stated that showcasing Bengaluru as a global metropolis is a top priority for his government, and the majority of funds have been allocated to the city’s infrastructure initiatives.

This is what the state budget for Bengaluru includes.

  • Siddaramaiah emphasized the need of resolving the city’s traffic issues and stated that improved infrastructure and dependable public transportation are their main priorities.
  • Major 147 km long roadways will be whitetopped at a cost of ₹1,700 crore, and work must be finished by December 2025.
  • underground tunnel construction at the notorious Hebbal intersection, which experiences heavy traffic, on a trial basis.
  • The Peripheral Ring Road (PRR) is to be renamed the Bengaluru Business Corridor in an effort to reduce traffic and encourage major commercial activity. Regarding this, a request for proposals has already been issued. According to the PPP model, a 73-kilometer road will be built for ₹27,000 crore. Most likely, the project will start this year.
  • Additionally, the government intends to build a 250-meter-tall sky deck in Bengaluru, a project for which internationally recognized architects would be hired. It is intended to become a popular tourist site by the government.
  • The government allocated ₹15,611 crore for phase 3 of the Namma Metro development, and permission from the national government is still pending. The existing Namma Metro lines will be supplemented by a 44-kilometer metro line by March 2025.
  • The Cauvery Phase-5 project will be operationalized by the Bengaluru Water Supply and Sewage Board (BWSSB), offering 110 liters of drinking water per day to 12 lakh people. The government’s anticipated cost of this is ₹5,500 crore.
  • CM Siddaramaiah further said that Bengaluru’s business establishments will be permitted to remain open until one in the morning. Given that they have been requesting timing extensions, the food and hospitality industries should benefit greatly from this.
  • In order to improve the city’s waste management system, BBMP plans to acquire 50–100 acres at four separate locations on the outskirts of the city. For the ensuing few decades, this is anticipated to improve the city’s waste management system.

In his budget speech, Karnataka Chief Minister Siddaramaiah announces the expansion of Bengaluru Metro to Devanahalli, Tumkur.

During his budget speech on Friday, Karnataka Chief Minister Siddaramaiah declared that a feasibility report to expand the Bengaluru Metro rail from BIEC to Tumkur and Kempegowda International Airport to Devanahalli will be prepared. According to the Chief Minister, a public-private partnership model would be used to carry out the job.

Budget For Karnataka 2024

Karnataka Opposition Leader’s Reaction to the Budget

Leader of the Opposition R Ashok criticized CM Siddaramaiah’s state budget, citing it as lacking in focus and commitment. He declared, “This budget is dismal on all fronts, and unlike what Congress leaders claimed, there is no vision for the development of the state.”

Ashok continued, “This budget is merely adorned with meaningless phrases and fancy names and lacks insight, fails to inspire trust in the people, and has no fresh initiatives to address the concerns of farmers, women, the poor, young, and industry.”

He criticized Siddaramaiah’s first term in additional detail, pointing out that in just five years, Karnataka’s debt increased from Rs. 1,39,000 cr to Rs. 2,86,790 cr. Every person now carries a debt load of Rs 44,000 due to the state’s annual interest expense skyrocketing from Rs 8,500 cr to Rs 16,208 cr. The state is likewise being pushed into a debt catastrophe by his second term.

He chastised the Chief Minister, accusing him of insulting the government’s constitutional mandate by using the budget address for political mudslinging. He said, calling attention to the Congress party’s existential dilemma and their desperate attempt to somehow depict the Modi government in a negative light ahead of the Lok Sabha elections, they should be ashamed of themselves for exploiting the budget address to attack the federal government.

Karnataka Budget Live: Government comments on the Shaktik scheme’s success

The Shakti initiative is the first guarantee programme that our government has put into place within a month of taking office. Women, female students, and members of gender minority groups are provided with free bus transportation under the program.

Over 155 million women commuters have benefited from free transport under the Shakti scheme to date, with Rs. 3,000 crore allocated for this purpose. The public’s response to the Shakti scheme survey was overwhelmingly positive. By putting this plan into action, we have prioritized the independence and empowerment of women.

Women are making good use of this program by going back to school, securing better jobs, engaging in more economic activities, and taking trips. The excellent reception this plan has received is indicative of how well it was executed. At an anticipated cost of Rs. 36 crore, automated driving test tracks would be built in Udupi, Chikkaballapur, Nelamangala, Madikeri, Madhugiri, and Hunasuru.

The construction of seizing yards in Devanahalli and Tumakuru will cost a total of Rs. 10 crore. In a public-private partnership, 32 locations will be equipped with automated testing centers to enable the fitness testing of all transport vehicles requesting the renewal of their fitness certificates. A program will be implemented to digitize all car registration records held by the Transport Department. Records in Bengaluru Central, Belagavi, Mangaluru, and Bhalki will be digitalized in 2024–2025 as a trial project.

He chastised the Chief Minister, accusing him of insulting the government’s constitutional mandate by using the budget address for political mudslinging. He said, calling attention to the Congress party’s existential dilemma and their desperate attempt to somehow depict the Modi Government in a negative light ahead of the Lok Sabha elections, they should be ashamed of themselves for exploiting the budget address to attack the federal government.

  • How much is the total budget of Karnataka?

    Updates on the Karnataka Budget Live: The entire budget is 3.71 lakh cr, and the state economy is predicted to expand 6.6% in 2023–2024. "The entire budget amount is Rs 3.71 lakh crore," declared Chief Minister Siddaramaiah of Karnataka on Friday.

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