The coalition government led by Mr. Kumaraswamy presented his maiden budget on 05.07.2018. The budget for Bengaluru includes:
- Metro Network under phase 3 include 42.75 kms from JP Nagar to KR Puram :
12.5 kms metro line proposed from Magadi Road Toll Gate to Kadabagere. 3.07 kms Metro from
Gottigere to Basavapura. 18.95 kms metro line from RK Hegdenagar to Aerospace park. 10.6
km metro line from Kogilu Cross to Rajanukunte. 6.67 kms of Metro Network from Iblur.
- The budget aims at providing Bellandur lake water to agricultural activities in rural pockets of Bengaluru through drip irrigation with private partnership.
- Bellandur lake known for its pollution, has been given Rs 50 crore for rejuvenation for its all round development.
- 5kg rice free of cost, 1/2 kg toor dal with subsidized rate and 1 kg palm oil, 1kg iodine and iron content salt and 1kg sugar to each BPL card holder under Anna Bhagya scheme.
- A grant of Rs 12 crore will be provided in the first phase to establish a separate unit at Kidwai cancer hospital for treatment of bone marrow transplant.
- Tax on consumption of electricity proposed to be increased from 6% to 9%.
- 50% increase proposed for private service vehicles.
- Hike in petrol prices by Rs 1.14 and Rs 1.12 in diesel proposed.
- 6 Elevated corridors at the cost of Rs.15825 crores.
- The City will have 100 charging units set up at a cost of Rs. 4 crore to encourage electric vehicles.
- The government proposed to establish an Integrated Road Transport Authority for Bengaluru City.
- A special B.Ed training college to train teachers for special needs children is to be set up in Indira Nagar, Bengaluru.
- 42 Air quality Monitoring Stations will be set up to control and monitor the rising air pollution.
The borrowing by the Government to ensure funds for the proposed projects are huge. Rs. 47134 crores will be borrowed to meet the cost of the projects. The fiscal deficit is pegged at Rs.40,753 crores i.e. 2.89% of the GSDP. Total liabilities of the State has increased from 2.92 lakh crores, which is 20.75% of the GSDP