Karnataka Chief Minister Started Preparations For His first Budget

Karnataka Chief Minister started preparations for his first budget, know which areas will get prominence.

Karnataka Chief Minister Basavaraj Bommai has started preparing for his first budget after taking over the coveted post.

The CM has called meetings of various departments one by one from next week as part of preparations before the budget.

Bommai is facing challenges to revive the economy, to revive employment opportunities lost due to the second and third waves of the COVID pandemic.

CM is known for his knowledge of financial matters.

Let us tell you that the assembly elections in Karnataka are to be held in 2023 next year. CM Bommai will have to present a popular and pro-reform budget before the scheduled assembly elections of 2023.

Along with this, Bommai is known for his knowledge of financial matters. Former Chief Minister B.S. Yediyurappa appointed him as the government’s representative in the GST Council.

However, when the revenue of the government has reduced due to Corona. There will definitely be pressure on Bommai to announce popular projects.

Karnataka battling the third wave of Covid.

The crucial Bruhat Bengaluru Mahanagara Palike (BBMP) elections will be held before the state assembly elections. Bommai has to win the election to prove his abilities.

At a time when the BJP high command has put an end to speculation in the state and announced that the next election will be fought under the leadership of CM Bommai.

According to the information, the revenue sources of the government have dried up to a great extent. Let us tell you that the state is currently facing the effects of the third wave of Covid.

CM Bommai is expected to discuss the possibilities of announcing popular programs and budget limits with officials in the pre-budget meetings. CM Bommai has presented two supplementary budgets.

These areas will get prominence in the budget.

According to sources, the health sector will get prominence in the budget due to the settlement from the third wave of Covid.

Also, the CM will have to announce big packages in respect of major water and irrigation projects.

Along with this, funds will have to be released for Bengaluru’s infrastructure, NREGA scheme, housing projects, Ganga Kalyan Yojana, and other important projects.

At the same time, small-scale industries, entrepreneurs, the film industry, education sector are waiting for much-needed help from the government.

Let us tell you that earlier the then Chief Minister B.S. Yediyurappa presented the state budget for the financial year 2021-22 on 8 March 2021.