Karnataka Budget 2021-22 aims at reducing financial burden on common people; no additional tax burden due to COVID-19 pandemic

Karnataka Chief Minister B S Yediyurappa presented the state budget 2021-22 on Monday, March 8, 2021.

Yediyurappa stated that the year 2020-21 due to COVID-19 pandemic has caused untold miseries to the general public therefore, no burden of additional taxes has been put on the common people. Further, no taxes including Karnataka State Tax on petrol and diesel has been increased and the budget has been formulated in such a way so as not to increase the financial burden on the common man.

BUDGET OVERVIEW

  • Budget estimate (Consolidated Fund) – Rs. 2,46,207 crore.
  • Total receipts – Rs. 2,43,734 crore. Revenue receipts – Rs. 1,72,271 crore; public debt – Rs. 71,332 crore and capital receipts – Rs. 71,463 crore.
  • Total expenditure – Rs. 2,46,207 crore. Revenue expenditure – Rs. 1,87,405 crore; capital expenditure – Rs. 44,237 crore and loan repayment – Rs. 14,565 crore.

All the documents with respect to the Karnataka Budget 2021-22 can be accessed at: https://finance.karnataka.gov.in/info-2/2021-22/Budget+Volumes/en

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