Karnataka Chief Minister Siddaramaiah addressed allegations of excessive borrowing by the state government, emphasizing the goal of providing equal opportunities for all citizens in this year’s Budget. Speaking to the media in Pillahalli village, he highlighted the Budget’s focus on overall state development and ensuring equal opportunities across society. Siddaramaiah responded to BJP criticism, pointing out that borrowing is essential for development and that Karnataka’s borrowing remains within the limits set by the Fiscal Responsibility Act.
Critics questioned the Budget’s inclusivity, with Siddaramaiah defending it as a tool for social justice and holistic state progress. He refuted claims of excessive borrowing, stating that Karnataka’s borrowing percentage aligns with the Act’s guidelines. The Chief Minister also highlighted the state’s fiscal responsibility, noting that Karnataka’s fiscal deficit is below the prescribed limit of 3% of the state’s GDP.
Siddaramaiah further criticized the Centre for withholding funds, leading to a significant loss for Karnataka due to GST rate revisions. He affirmed his commitment to governance, expressing readiness to present future Budgets if entrusted by the party high command. Union Minister Pralhad Joshi criticized the Budget’s size and financial management, citing concerns over rising state debt and fiscal deficit, and suggesting a focus on “vote bank” interests.
