Questions and Answers
What is the proposed revenue expenditure for 2024-25?
By what percentage is the capital outlay for 2024-25 expected to increase compared to the revised estimates of 2023-24?
Which of the following schemes was not mentioned among the five guarantees in 2023-24?
What is the total proposed expenditure on the five guarantee schemes for 2024-25?
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How much is allocated to the Gruha Lakshmi scheme for 2024-25?
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What percentage of the total estimated expenditure on social welfare and nutrition is allocated to loans and advances for 2024-25?
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Which of the following statements is true regarding the fiscal deficit figures?
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What is the expected amount for loans and advances by the state in 2024-25?
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What is the percentage increase in allocation for the Gruha Lakshmi scheme from the budget estimates for 2023-24?
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Which sector received the highest budget allocation for the year 2024-25?
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How much was allocated for school education and literacy in Karnataka for 2024-25?
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What was the budgeted amount for Education, Sports, Arts, and Culture in 2024-25?
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What is the percentage change in budget provision for Education, Sports, Arts, and Culture from the revised estimate of 2023-24 to the budgeted amount of 2024-25?
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What was the actual expenditure for Social Welfare and Nutrition in the year 2022-23?
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How much was allocated for the Aksharadasoha (Mid-day Meal Scheme) in 2024-25?
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Which of the following sectors experienced the largest budget increase from the revised estimate of 2023-24?
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What is the estimated total revenue receipts for Karnataka in 2024-25?
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What percentage of the total revenue receipts in 2024-25 is expected to come from the state’s own resources?
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How much is the estimated devolution from the centre for Karnataka in 2024-25?
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What is the estimated increase in Karnataka’s own tax revenue for 2024-25 compared to the revised estimate of 2023-24?
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What is the estimated amount of grants from the centre for Karnataka in 2024-25?
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What is the percentage increase in total revenue receipts for Karnataka in 2024-25 compared to 2023-24?
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What percentage of total revenue receipts will come from grants in 2024-25?
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What is the total estimated expenditure on rural development in Karnataka?
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What is the percentage change in revenue expenditure from the revised estimate of 2023-24 to the budgeted figure for 2024-25?
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What is the projected capital outlay for the year 2024-25?
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What percentage of Karnataka's estimated revenue receipts is spent on salaries in 2024-25?
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What is the total net expenditure projected for Karnataka in 2024-25?
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How much is Karnataka estimated to spend on committed expenditure in 2024-25?
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What is the revised estimate of loans given by the state for the year 2023-24?
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What is the percentage change in loans given by the state from the budgeted figure for 2023-24 to the budgeted figure for 2024-25?
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Which component constitutes 15% of Karnataka's estimated revenue receipts for 2024-25?
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What was the percentage change in net receipts from the budget estimates to the actuals for 2022-23?
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Which category of revenue receipts had the highest percentage increase from the budget estimates to actuals in 2022-23?
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Which category contributed the most to the revenue receipts in 2022-23 actuals?
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What was the amount of Own Non-Tax Revenue in the 2022-23 actuals?
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How much did GST compensation grants contribute in the actuals for 2022-23?
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What was the total amount of Non-Debt Capital Receipts in the actuals for 2022-23?
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Which of the following was the largest component of total receipts in budget estimates for 2022-23?
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What was the total amount of Grants-in-aid from the Centre in actuals for 2022-23?
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Study Notes
Karnataka Budget 2024-25 Overview
- Fiscal deficit figures reported without adjustments for loans from the Central government.
- Proposed revenue expenditure for 2024-25: Rs 2,90,531 crore, a 21% increase from 2023-24.
- Proposed capital outlay for 2024-25: Rs 52,903 crore, reflecting a 3% increase from 2023-24.
Guarantees and Social Welfare
- Five guarantee schemes launched include Gruha Lakshmi, Gruha Jyothi, Shakthi, Yuvanidhi, and Annabhagya.
- Allocation for the five guarantees in 2024-25: Rs 53,674 crore, a 47% rise from revised estimates of 2023-24.
- Notably, Gruha Lakshmi scheme to receive Rs 28,608 crore, 63% of total estimated social welfare expenditure.
Expenditure Breakdown
- Committed expenditure projected at Rs 1,52,023 crore, accounting for 58% of revenue receipts in 2024-25.
- Committed expenditure includes:
- Salaries: 31% of revenue receipts
- Pensions: 12%
- Interest payments: 15%
Sector-wise Expenditure
- Social Welfare and Nutrition: Proposed Rs 45,281 crore in 2024-25, a 26% increase.
- Education, Sports, Arts, and Culture: Allocated Rs 40,945 crore, a 29% increase.
- Rural Development: Budgeted at Rs 10,304 crore, an 8% increase.
- Block grants for school education and literacy: Rs 22,209 crore.
Revenue Receipts in 2024-25
- Total revenue receipts projected at Rs 2,63,428 crore, an increase of 16% over revised estimates of 2023-24.
- State's own resources contribute Rs 2,03,393 crore (77%), with central funding of Rs 59,785 crore (23%).
- Central transfers expected include:
- Devolution: Rs 44,485 crore, up 10% compared to 2023-24.
- Grants from the centre: Estimated at Rs 15,300 crore, an 8% increase.
State Tax Revenue
- Karnataka's total own tax revenue is estimated at Rs 1,89,893 crore, reflecting an 18% increase from 2023-24.
Receipts and Expenditure Comparison (2022-23)
- Net receipts in 2022-23 totaled Rs 2,29,560 crore, up 21% from budget estimates.
- Significant contributions to revenue receipts:
- Own tax revenue: Rs 1,43,702 crore (13% increase).
- Central tax share: Rs 34,596 crore (16% increase).
- Grants from Centre: Rs 36,867 crore (65% increase), including a major boost from GST compensation grants.
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Description
Explore the key highlights and allocations of the Karnataka Budget for 2024-25. This quiz covers fiscal deficit figures, proposed expenditures, and social welfare schemes, giving you insights into the state's financial planning. Test your knowledge on the budget's impact and allocation strategies.
