More borrowings, fuel taxes are expected to compensate for shortfall in revenue
Chief Minister B.S. Yediyurappa, who will be presenting the State Budget for 2021–22 on Monday, is expected not to increase the taxes on fuel and other essential commodities. With a shortfall in revenue this year owing to COVID-19, however, the Budget is also unlikely to give relief to consumers by reducing taxes.
The Budget is expected to offer concessions to small businesses/industrial units for resumption of economic activities. Programmes under the Atmanirbhar Bharat and health and infrastructure sectors are expected to get a boost.
Bypoll impact
Keeping an eye on the bypolls in three Assembly segments of Basavakalyan, Maski and Sindagi and the Lok Sabha constituency of Belagavi, Mr. Yediyurappa is expected to announce a slew of projects in these constituencies. The ECI, which deferred announcement of the poll dates to these constituencies last week, may announce the calendar of events after t