Siddaramaiah presents budget with ₹4.48 lakh crore outlay, flags GST losses

In a significant move for Karnataka's financial landscape, Chief Minister Siddaramaiah unveiled a budget of ₹4.48 lakh crore for the fiscal year 2026-27. The budget is designed to promote growth and welfare while addressing the pressing issues of rising debt and revenue deficits. Siddaramaiah emphasized the need for fiscal discipline amidst challenges posed by losses from the Goods and Services Tax (GST). The budget aims to balance development initiatives with economic sustainability, reflecting the state government's commitment to enhancing public welfare and infrastructure. With a keen focus on strategic investments, the budget outlines plans to stimulate various sectors, ensuring that fiscal responsibility remains a core priority. This budget presentation comes at a crucial time as Karnataka navigates the complexities of economic recovery and seeks to maintain its growth trajectory in a competitive landscape.