The Budget estimates envisage revenue receipts of Rs. 181,863 crore and Capital Receipts of Rs. 48,876 crore including borrowings of Rs.48,601 crore. The total expenditure is estimated to be Rs. 234,153 crore consisting of revenue expenditure of Rs.1,81,605 crore, capital expenditure of Rs. 42,584 crore and debt repayment of Rs. 9,964 crore. filexlib. The Hon'ble Chief Minister and Finance Minister of Karnataka presented the State Budget for the fiscal year 2016-17 on 18-3-2016 in the Legislative Assembly. The highlights of Value Added Tax and Entry Tax proposals are as under: A. Karnataka Value Added Tax Act, 2003. 1. Tax rates. Changes in tax rates are as under: Budget Highlights The Gross State Domestic Product (GSDP) of Karnataka for 2018-19 at current prices is estimated to be Rs 14,08,112 crore, which is 7.4% higher than the revised estimates for 2017-18. Total expenditure for 2018-19 is estimated to be Rs 2,18,488 crore, a 15.2% increase over the revised estimates of 2017-18.
In 2022-23, Karnataka is estimated to spend Rs 94,699 crore on committed expenditure items, which is 50% of its revenue receipts. This comprises spending on salaries (22% of revenue receipts), interest payments (15%), and pension (13%). Committed expenditure in 2022-23 is estimated to increase by 6% over the revised estimate of 2021-22.
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 Budget Highlights The Gross State Domestic Product (GSDP) of Karnataka for 2017-18 at current prices is estimated to be Rs 12,80,465 crore, which is 15% higher than the revised estimates for 2016-17 Total expenditure for 2017-18 is estimated to be Rs 1,86,561 crore, 13.4% higher than the revised estimates of 2016-17.
Find below the highlights of the Karnataka budget 2022 presented by the CM Basavaraj Bommai: Revenue Collection Targets Commercial Taxes Department: Rs 77,010 crore Excise Department: Rs 29,000 crore Transport department: Rs 8,007 crore Stamps and Registration Department: Rs 15,0000 crore Revenue And Expenditure
State's Economy 9. The Gross State Domestic Product in the year 2015-16 grew at the rate of 6.2 percent as against the rate of 7.8 percent during 2014-15. The cause for decline in growth rate is attributable to decline in growth rate of agriculture sector. The agriculture sector is estimated to decline by 4.7 percent during this year.
Karnataka Budget 2021-22 PDF Download in Kannada for free using the direct download link given at the bottom of this article. Karnataka Chief Minister B S Yediyurappa presenting the eight state budget 2021-22 on 8th March 2021 in legislative Assembly, said he has not put the burden of additional taxes on the common people.
Karnataka Budget 2022-23 Pdf Download In Kannada & English Karnataka Budget 2022-23 Highlights Total Budet outlay: Rs.2,65,720 crore. Revenue In expenditure Rs.2,04,587 crore. Capital expenditure Rs.46,955 crore. Repayment - Rs.14,179 crore. Agriculture and Allied Activities - Rs 33,700 crore. Welfare and Inclusive Growth - Rs.68,479 crore.
The 15th FC has recommended Rs 1,631 crore as post-devolution revenue deficit grant for Karnataka for 2021-22. Fiscal deficit: It is the excess of total expenditure over total receipts. This gap is filled by borrowings which leads to an increase in total liabilities. In 2021-22, the fiscal deficit is estimated to be Rs 59,240 crore (3.48% of GSDP).
Karnataka has budgeted to