Siddaramaiah presents record 17th Karnataka Budget with ₹4,48,004 crore outlay for 2026-27
Karnataka Chief Minister Siddaramaiah presented his record 17th State Budget in Bengaluru on 6 March 2026, with a total outlay of ₹4,48,004 crore for 2026-27.
Summary
Karnataka Chief Minister Siddaramaiah, who also holds the Finance portfolio, presented the State Budget for 2026-27 in the Legislative Assembly in Bengaluru on 6 March 2026; it was his record 17th budget. Total expenditure is ₹4,48,004 crore, 13.3% more than the 2025-26 revised estimate of ₹3,95,307 crore. It comprises revenue expenditure of ₹3,38,007 crore, capital expenditure of ₹74,682 crore and loan repayments of ₹35,316 crore. Revenue receipts are estimated at ₹3,15,050 crore, including the state's own tax revenue of ₹2,20,000 crore, and gross borrowings at ₹1,32,000 crore. The budget shows a revenue deficit of ₹22,957 crore and a fiscal deficit of ₹97,449 crore, or 2.95% of GSDP, while total liabilities are projected at ₹8,24,389 crore (24.94% of GSDP). The government said both are within the limits of the Karnataka Fiscal Responsibility Act.
Key facts
- Date and place
- 6 March 2026, Karnataka Legislative Assembly, Bengaluru
- Presented by
- CM Siddaramaiah — his 17th budget
- Total outlay
- ₹4,48,004 crore (+13.3% over 2025-26 RE)
- Capital expenditure
- ₹74,682 crore
- Revenue deficit
- ₹22,957 crore
- Fiscal deficit
- ₹97,449 crore (2.95% of GSDP)
- Liabilities
- ₹8,24,389 crore (24.94% of GSDP)
- Own tax revenue
- ₹2,20,000 crore
Practice MCQs 4 questions
Karnataka Chief Minister Siddaramaiah presented which number State Budget of his career on 6 March 2026?
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Correct answer: D — 17th
The 2026-27 budget was Siddaramaiah's record 17th State Budget.
What is the total outlay of the Karnataka Budget 2026-27?
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Correct answer: D — ₹4,48,004 crore
Total expenditure is ₹4,48,004 crore, 13.3% above the 2025-26 revised estimate of ₹3,95,307 crore.
Consider the following statements about the Karnataka Budget 2026-27: 1. The fiscal deficit is estimated at 2.95% of GSDP. 2. The budget shows a revenue surplus. Which of the above is/are correct?
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Correct answer: A — 1 only
Only statement 1 is correct: the fiscal deficit is ₹97,449 crore (2.95% of GSDP), and the budget shows a revenue deficit of ₹22,957 crore, not a surplus.
A State Budget, such as Karnataka's for 2026-27, is constitutionally called the 'annual financial statement'. Which Article of the Constitution provides for it?
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Correct answer: A — Article 202
Article 202 requires the Governor to cause the annual financial statement of a State to be laid before the Legislature. Article 112 is the Union equivalent.