Karnataka Chief Minister Siddaramaiah presented the Karnataka Budget 2025-26 in the Vidhana Soudha today for the 16th time in his political career. Amid increasing criticism from opposition parties and the public, he strongly defended his government’s five guarantee schemes, emphasizing that they are not mere “freebies” but essential programs to uplift the poor.
Government’s Stand on Guarantee Schemes
The Congress government came to power in 2023 by promising these welfare schemes, which played a crucial role in securing a majority in the Karnataka Assembly elections. However, after assuming office, the government faced criticism over budget constraints and allegations that these schemes were hindering overall development.
Addressing the concerns in the Assembly, CM Siddaramaiah stated, “These schemes are not just free handouts but essential initiatives to reduce the suffering of the underprivileged sections of society.” He emphasized that the state government is committed to continuing these programs despite financial challenges.
Opposition Criticism and Budget Allocation
Opposition leaders and economic analysts have questioned the feasibility of these schemes, citing concerns over increasing fiscal burden and stagnant development projects. Some ministers within the government have also acknowledged that the financial strain caused by these programs is real.
Despite these concerns, Siddaramaiah reassured the Assembly that the schemes would not be discontinued. He announced an allocation of ₹51,034 crore for guarantee schemes in the 2025-26 state budget. He also highlighted that in the last two budgets, the government successfully maintained a fiscal deficit within 3% of GSDP and managed the debt-to-GSDP ratio within 25%.
Key Takeaways from Karnataka Budget 2025-26
- ₹51,034 crore allocated for guarantee schemes.
- CM Siddaramaiah emphasized that these schemes are not freebies but essential for poverty alleviation.
- The government is ensuring fiscal discipline while continuing welfare initiatives.
- Opposition parties and experts raise concerns over funding constraints and delayed development projects.
- The government maintains a debt-to-GSDP ratio under 25%.
What’s Next for Karnataka’s Economy?
With the government sticking to its commitment towards social welfare, it remains to be seen how Karnataka balances development spending while sustaining its ambitious guarantee schemes. The coming months will be crucial in determining the economic impact of these policies on the state’s financial health.
नमस्ते, मेरा नाम अमित वर्मा है। मैं हिंदी में सरकारी योजनाओं और स्कीम्स से जुड़ी ताज़ा खबरें और जानकारी साझा करता हूं। राजस्थान का निवासी होने के नाते, मेरा उद्देश्य आपको सभी सरकारी योजनाओं की सटीक और सरल जानकारी प्रदान करना है।