Karnataka's Fiscal Update: State Tables Second Supplementary Estimate

The Karnataka government has presented its second supplementary estimate for the current fiscal year, totaling Rs 5,317.83 crore. The proposal includes expenditures from reserve funds and central assistance, with a net cash outflow of Rs 1,812.94 crore. The budget aims for balanced allocations via state revenue and expenditure adjustments.

The Karnataka government has unveiled its second supplementary estimate for the current fiscal year, totaling a substantial Rs 5,317.83 crore. This financial move was officially tabled on Monday.

A significant segment of this budget, Rs 2304.95 crore, will be sourced from Reserve Funds pending legislative approval. The fiscal proposal also involves Rs 1,199.94 crore covered by Central Assistance, setting the net cash outflow at Rs 1,812.94 crore.

Balancing the books, the government plans to use state revenue receipts and may adjust expenditure priorities and savings to meet the budget requirements. The supplementary estimates now await discussions in the State Legislature.

(With inputs from agencies.)