arnataka Budget Session Today, CM Siddaramaiah’s 16th Karnataka Budget 2025 announcements live news updates: As Karnataka Chief Minister Siddaramaiah prepares to present his 16th budget today (March 7), he faces the challenge of balancing development projects and welfare schemes.
The total budget size for 2025-26 is expected to be over ₹4 lakh crore, up from ₹3.71 lakh crore in 2024-25. The government is likely to increase spending on welfare programmes beyond the ₹52,000 crore allocated last year, as more people are expected to benefit from them.
At the same time, the Chief Minister is considering increasing capital expenditure, which was ₹55,877 crore last year. Higher spending on infrastructure could help industries grow, especially after the Invest Karnataka 2025 – Global Investors’ Meet, which aimed to attract ₹10.27 lakh crore in investments and create around 6 lakh jobs.
The budget may also include incentives for industries, particularly in the green energy sector. The government believes that its welfare programmes are ensuring families receive a basic monthly income of ₹10,000, which helps promote social and economic stability.
Also read: Karnataka Budget Session: State sees second-highest FDI, aims for trillion-dollar economy
Also read: No surprises in Karnataka Budget, says Congress, as State struggles with price hikes
WATCH: Karnataka Legislative Assembly Live Day 05
ALL UPDATES
- March 07, 2025 10:13
Karnataka Budget Live Updates: In the assembly Siddaramiah is flanked by Deputy CM D K Shivakumar and Home Minister G Parameshwara
- March 07, 2025 10:09
Karnataka Budget Live today: Siddaramaiah arrives at Vidhana Soudha in a wheel chair as he is suffering from knee pain.
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- March 07, 2025 10:09
Karnataka budget live today: Siddaramaiah presents Budget for fourth time, first under mentor Deve Gowda in 1994-95
Siddaramaiah has presented budgets under three other chief ministers. His first was in 1994-95 under his former political mentor-turned-rival, Deve Gowda. He later presented budgets during the tenures of J.H. Patel and Dharam Singh. In addition to these, he has also presented budgets during his two terms as chief minister—first from 2013 to 2018 and again from 2023 onwards.
- March 07, 2025 10:08
Karnataka Budget live today: LoP R Ashoka says the state’s borrowings have ballooned to Rs 1,05,000 crore
- March 07, 2025 10:08
Karnataka Budget LIve today: Opposition leaders claim Government’s ‘5 Guarantees’ have bankrupted the State
Opposition leaders say that the government in order to fulfil its ‘5 Guarntee’ promises of free power, free bus rides to women, doles to youth and women has bankrupted the state
- March 07, 2025 10:07
Karnataka Budget live today: CM arrives in Vidhana Soudha to present the budget
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- March 07, 2025 10:06
Karnataka Budget Live Updates: Opposition leaders, led by BJP and JDS, protest at Gandhi Statue outside Vidhana Soudha
Opposition leaders lead by BJP and JDS including leader of opposition in assembly R Ashok are protesting in front of the Gandhi statue in front of Vidhana Soudha (the seat of power in the state)
- March 07, 2025 10:05
Karnataka Budget Live today: CM to begin Budget speech at 10:15 am ahead of Rahu kaal at 10:30 am
The CM a self declared atheist is however likely to start his budget speech at 10.15 am ahead of the Rahu Kaal which starts at 10.30 am
- March 07, 2025 10:04
Karnataka Budget Live Updates: Siddaramaiah’s Cabinet endorses Budget ahead of Assembly presentation
Siddaramaiah held the customary cabinet meeting ahead of presenting the budget to the assembly, the cabinet endorsed the budget
- March 07, 2025 10:02
Karnataka Budget Live Updates: CM Siddaramiah will present record 16th budget
CM Siddaramiah will present record 16th budget. Ownly Thomas Issac in Kerala who has presented 12 budgets is anywhere close
- March 07, 2025 10:01
Karnataka Budget Live updates: Siddaramaiah arrives at Vidhana Soudha
Siddaramaiah arrives at Vidhana Soudha in a wheel chair as he is suffering from knee pain
- March 07, 2025 09:46
State Budget Live updates: FY2023-24: The changing nature of States’ Budgets
FY2023-24: The changing nature of States’ Budgets
An analysis of State budgets for FY2023-24 shows that their fiscal defecit and gross market borrowings are expected to stay flat as a percentage of GDP, and close to half of the receipts are expected to be from own taxes. Here are four charts which tell you the story.
- March 07, 2025 09:45
State Budgets live updates: TN Budget 2024 in charts
TN Budget 2024 in charts
Tamil Nadu’s 2024-25 budget reveals increased fiscal deficit nearing 3.5%, attributed to TANGEDCO provision and rising debt.
- March 07, 2025 09:44
State Budgets Live updates: Andhra Pradesh Budget: CM Naidu set for Herculean task of mobilising funds for development and poll promises
Andhra Pradesh Budget: CM Naidu set for Herculean task of mobilising funds for development and poll promises
Andhra Pradesh government faces fiscal challenges in balancing budget for FY26, focusing on infrastructure development and key promises.
- March 07, 2025 09:44
State Budget live updates: AP’s NDA Govt pegs Budget for FY26 at ₹3.22 lakh crore balancing welfare, development
AP’s NDA Govt pegs Budget for FY26 at ₹3.22 lakh crore balancing welfare, development
N Chandrababu Naidu-led Andhra Pradesh NDA Government presents budget with focus on welfare schemes and industrial growth.
- March 07, 2025 09:32
Karnataka Budget Session Live today: Karnataka CM Siddaramaiah to present his 16th Budget, likely around ₹4 lakh crore
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Karnataka CM, Siddaramaiah set to present his 16th Budget. The budget size is anticipated to be nearly ₹4 lakh crore, up from the last year’s allocation of ₹3.71 lakh crore.
- March 07, 2025 09:22
Karnataka Budget Session Live updates: No surprises in Karnataka Budget, says Congress, as State struggles with price hikes
No surprises in Karnataka Budget, says Congress, as State struggles with price hikes
Karnataka Congress anticipates no surprises in upcoming State Budget; BJP criticizes price hikes and fiscal management.
- March 07, 2025 09:18
Karnataka Budget Session Live updates: Karnataka Assembly passes Bangalore Palace Bill
:The Karnataka Assembly has passed the Bangalore Palace (Acquisition and Transfer) Bill 2025.
This Bill enables the state government to drop portions of land required for a road-widening project after the Supreme Court directed it to issue transferable development rights (TDR) worth Rs 3,400 crore to the erstwhile Mysuru royal family.
The official notice submitted by Chief Minister and Finance Minister Siddaramaiah reads, “I hereby give notice of my intention to move the following amendment to the Bangalore Palace (Utilization and Regulation of Land) Bill, 2025 (LA Bill No.5 of 2025), namely – Clause-3. In the said Bill, in clause 3, after sub-clause (5), the following shall be inserted, namely:- “(6) Notwithstanding anything in the Act, if any compensation has been paid in respect of any portion of Bangalore Palace land pursuant to any order or judgement of any court, the action of the State Government shall remain protected.” — ANI
- March 07, 2025 08:38
Karnataka Budget Session Live updates: State sees second-highest FDI, aims for trillion-dollar economy
Karnataka Budget Session: State sees second-highest FDI, aims for trillion-dollar economy
Governor Gehlot highlights Karnataka’s economic growth, welfare achievements, and infrastructure advancements during Budget Session address.
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Published on March 7, 2025