There is speculation that the state government might withdraw some of the social welfare schemes initiated by previous CMs.
Karnataka Chief Minister BS Yediyurappa on Thursday will present the budget for fiscal 2020-21 in the Assembly on Thursday. Incidentally, it the 7th budget that he will present for the state and fifth as Chief Minister. In press interactions ahead of the budget day, the CM who holds the finance portfolio hinted that the budget will focus on agriculture and major irrigation projects with the Centre notifying the Mahadayi inter-state water tribunal award on February 27 following the Supreme Court's directive on February 20. Yediyurappa will allot funds to resume the Kalasa-Banduri project to supply drinking water to the four-drought prone districts in the state's north-west region. Last year, the state government led by then CM Kumaraswamy had got Rs 17,000 crore allocation for the water resources and irrigation department. There is speculation that the state government might withdraw some of the social welfare schemes initiated by Siddharamaiah and continued by his successor HD Kumaraswamy. Farm loan waiver scheme might also takea hit. With an eye on increasing revenues, the state government might also introduce additional sales tax on fuel and increase excise rates. Follow live updates below: (Note: If the live blog is not loading, please disable your adblocker)
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