Chief Minister Basavaraj Bommai presented his second budget on February 17, 2023. This is a revenue surplus budget. Total expenditure is estimated to be Rs. 3,09,182 core. No new tax proposals have been proposed as the Karnataka Assembly elections are around the corner (May 2023).
GSDP is the sum of all value added by industries within each state or union territory and serves as a counterpart to the national gross domestic product (GDP).
Expenditure: Where the rupee is spent (Units in paise)
- Debt servicing: 19
- Other general services: 18
- Agri, irrigation, Rural Development: 17
- Other economic services: 15
- Education: 11
- Social welfare: 8
- Health: 5
- Other social services: 4
- Water supply, sanitation: 3
Receipts: How rupee is earned (Units in paise)
- State tax revenue: 54
- Borrowings: 26
- Share in central taxes: 12
- Grants from central govt: 4
- State non tax revenue: 4
- The total Own Tax Revenue of the State for the year 2023-24 is estimated to Rs. 1,64,653 crore. Rs. 11,000 crore is expected to be collected from Non-Tax Revenue.
- Total Expenditure is estimated to be Rs. 3,09,182 crore which includes Revenue Expenditure at Rs. 2,25,507 crore, Capital Expenditure at Rs. 61,234 crore and loan repayment at Rs. 22,441 crore.
- For the first time in the State, post-COVID pandemic, Revenue Receipts are estimated to be more than the Revenue Expenditure by Rs. 402 crore. This is a Revenue Surplus Budget. Fiscal deficits expected to be Rs. 60,581 crore, which is 2.60% GSDP. The total liabilities at the end of 2023-24 is estimated to be Rs. 5,64,896 crores.
- A Feasibility Study will be conducted for declaring the area within 5 km from the centre of Bengaluru city and having heritage and educational institutions as Heritage and Educational District.
- Mobile veterinary clinics.
- Modern Technology Based Retail Flower Market
- Upgrading government engineering college into Karnataka Institute of Technology (KIT).
- 100 bedded Critical Care Block.
- IVF clinic at Bengaluru Medical College and Research Institute.
- Completely automatic and centralized Blood Bank Management System at Bengaluru Medical College and Research Institute.
- Nation’s first public hospital dedicated to Organ Transplant in the premises of NIMHANS at a cost of Rs. 146 crore.
- Suitable Skill training will be provided to specially-abled children in Bengaluru through short-term training courses to make them employable.
- World-class plug and play Industrial parks infrastructure.
- A Centre for Epidemic Preparedness in collaboration with Bengaluru Bio Innovation Centre (BIC) and Infectious Disease Research Foundation (IDRF).
- 5 km elevated road at a cost of Rs.350 crore from Tin factory to Medahalli and the integrated flyover from Yeshwanthpur Railway Station to Mathikere and BEL Road and by providing direct access.
- White topping of 120 kms arterial roads
- To mitigate the ill effects of climate change and control floods in Bengaluru, a project with the assistance of World Bank at a cost of Rs. 3,000 crore will be implemented. Sluice Gates will be installed at all the tanks to control the flood situation under this scheme. It will help in controlling the speed and quantity of flow of water.
- Rs. 200 crores support to Bengaluru Water Supply and Sewerage Board to provide potable water to 110 villages.
- Rs. 180 crore to developing BBMP schools.
- 250 “She Toilets”.
- A grant of Rs. 9,698 crores for the comprehensive development of Bengaluru sector.
- Launch of “Bengaluru Health Systems” for improve the health administration system.
- Huge Statue of “Sri Bhuvaneshwari Thaayi”, Kannada Mathe of Karnataka State and Theme Park
- Special grant for Karaga Utsav.
- A tourist circuit consisting of the historical landmarks of Nadaprabhu Kempegowda, the founder of Bengaluru city.
- 2,000 new cops to the city traffic police force.
- Interest free short term loans for farmers upto Rs.5 lakhs
- Life insurance scheme for farmers: Jeevan Jyothi Bima Yojane
- 300 hi-tech Harvesters.
- Developing 1,000 lakes.
- Rs. 100 crores for Karnataka Grapes and Wine Board to support grape growers.
- Rs. 5 crores to develop Mudhol Hound Dog Breed.
- Artificial Reefs in coastal areas.
Women and Child Development
- Increase of monthly honorarium by Rs. 1,000 for Anganawadi worker, cooks and assistants under Mid-day meals, ASHA workers and librarians.
- Free education in Government Pre-University and Government Degree Colleges under ‘CM Vidya Shakti Scheme’.
- ‘Makkala Buss’ scheme to help the students to travel to schools.
- Rs.100 for establishment of model schools under PM Shri scheme.
- A new university in Chikkamagaluru.
- Science division will be commenced by providing necessary infrastructure in 100 selected Degree Colleges in the State under Prof. C.N.R. Rao Science Programme to increase the admission of students in Scientific and Technological professional courses.
- Rs. 25 crores for Karnataka Mental Health programme.
- Rs. 12.50 crore is proposed to be allocated for conducting community based testing activities for the initial testing and treatment of Tuberculosis patients with the help of Hand-held X-Ray machines in all districts.
- “Jeevasudhe” Cancer detection camps across the state.
- Free coaching will be provided to 10,000 youth belonging to the Scheduled Caste, Scheduled Tribes, Backward Classes and Minority Classes to enable them to get appointed as Agniveers in the Indian Army.
Information Technology & Bio Technology (IT & BT)
- Big Data Lake Programme will be commenced with the collaboration of IIITB and Centre for e-Governance (CeG) for data analysis and forecasting while formulating new programmes.
- Deep Water All Weather Greenfield Port of 30 MTPA capacity in Ankola’s Keni in Uttara kannada District and of 14 MTPA capacity at Pavina Kurve on a Public-Private Partnership model will be developed.
- Water transport connectivity along rivers of Gurupura and Netravathi, barge services will commence on Public-PrivatePartnership model. Also, new LCT boat services will be operationalised in BagalkoteKankanawadi – Kadampur, KalaburagiSannathi, Shivamogga – Kogaru-Shiglu, Mangalore – Hangarakatte on Public – PrivatePartnership model.
- To facilitate hassle free travel and for improving commercial transactions Mangaluru-Karwar-Goa-Mumbai Waterways will be developed on Public-PrivatePartnership basis.
- 9 new industrial clusters.
- Rs. 25 lakhs for the private sports organisations.
- The Vijaya Vittala temple and Purandara Mantapa of Hampi, Golgumbaz of Vijayapura, Bhoganandeeshwara temple of Chikkaballapur district, the caves of Badami, the forts of Kittur and Bidar, which reflect the richness of the history and art of Karnataka, will be developed. Modern lighting facility, 3-D projection mapping, Sound and Light Exhibition will be provided in these places.
- In the 10 acre area in back waters of Manchanabele reservoir of Ramanagara district, a resort will be constructed through the Jungle Lodges and Resorts Limited.
- Encouragement to establishment of Mini Theatres of 100 to 200 seating capacity in Tier-2 cities.