Siddaramaiah calls union interim budget as “most disappointing”


PTI, Feb 1, 2024, 8:31 PM IST

Calling the interim budget 2024 as ”most disappointing”, Karnataka Chief Minister Siddaramaiah on Thursday said there are things that are not disclosed in the budget, and the economic situation of the country has not been revealed clearly.

The CM, who has presented a record 14 budgets in Karnataka Assembly, also said, the interim union budget presented today by Union Minister Nirmala Sitharaman is not for the developed India, but it is ”disastrous” for the country.

”This is an interim budget and it is an election budget. This is the most disappointing budget… new projects and programmes have not been mentioned in this budget. Karnataka is not getting any new projects in the next financial year 2024-25,” Siddaramaiah said.

Speaking to reporters here, he said, ”the new budget’s size is Rs 47,65,768 crore, while this financial year’s (2023-24) budget size was Rs 45,03,097 crores. Only Rs 2,62,671 crore has been added, so the budget size for next year has been increased by 5.8 per cent compared to this year.” He also described the budget as ‘anti-poor, anti-farmer, and anti-people.’ This budget has not addressed real problems of the people, particularly price rise, unemployment, problems faced by farmers and issues of the poor, Siddaramaiah claimed. There is more that is not disclosed to the people in this budget, and the economic situation of the country has not been revealed clearly, he added.

Rejecting BJP claims that the budget is for Vikasit Bharat (developed India), the CM said, ”… it is Vinashkaari for Bharat (disastrous for India).” Out of Rs 47 lakh crore budget size, Rs 16,85,494 crore will be borrowed, he claimed.

Recalling that the average growth rate of budget was 13.79 per cent during the UPA government (2004-2014), the CM said under the Modi regime (2014-24) the budget growth has fallen to 9.6 per cent. The GDP growth was 11.14 per cent under the UPA government and it declined to 6.4 per cent under the NDA, he said. Siddaramaiah alleged that the funds have not come from the central government to the state for Upper Bhadra Project, under 15th Finance Commission, for the Peripheral Ring Road project among others. ”… not even a single penny has come as drought relief from the Centre, despite four months since central team visiting the state.” He further said injustice was meted out to Karnataka in devolution of taxes, despite the state being in second position in the country in collection of taxes, after Maharashtra. ”More than Rs 4 lakh crore tax is collected from our state.” Also, among other things, the state had demanded establishment of All India Institute of Medical Sciences (AIIMS) at Raichur, which has not been mentioned in the budget, he added.

Sitharaman today presented her sixth straight budget ahead of the Parliamentary elections, matching the record of former Prime Minister Morarji Desai.

Presenting a vote on account or an interim budget for 2024-25, she proposed no changes in income tax rates for individuals and corporates, and customs duty.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Mohandas Pai slams govt over proposal for dashboard on number of Kannadigas in Karnataka firms

Cong chief Kharge given Z-plus security

Congress abused my caste, the party has no agenda except abusing me: PM

BJP alleges Karnataka government eyeing temple income, Minister defends move

Karnataka Govt will stop guarantee schemes for certain sections after polls, claims BJP leader

Holders CSK to play RCB in IPL opener in Chennai on March 22

Priyanka set to join Nyay yatra in Moradabad, will cover remaining UP leg: Sources

Related Articles More

Karnataka govt committed to constitutional classification of quota for SCs: CM Siddaramaiah

Siddaramaiah slams BJP, JD(S) for disrupting budget presentation with slogans and walkout

Improving school infra, programmes to improve learning outcomes announced in Karnataka budget

Karnataka to promote multi-modal integration of public transport to reduce traffic pollution: CM in Budget

Siddaramaiah proposes critical care blocks in Udupi and others districts

MUST WATCH

Sasihitlu Beach

How diabetes cause problems in kidney

christmas crib

KFD The Monkey Fever/Kyasanur Forest Disease

Abu Dhabi’s 1st Hindu Temple | UAE Temple


Latest Additions

Naming lioness, lion as ‘Sita’ and ‘Akbar’ should have been shunned, Cal HC verbally observes

Mohandas Pai slams govt over proposal for dashboard on number of Kannadigas in Karnataka firms

Cong chief Kharge given Z-plus security

Congress abused my caste, the party has no agenda except abusing me: PM

BJP alleges Karnataka government eyeing temple income, Minister defends move

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.