India, March 7 -- Karnataka chief minister Siddaramaiah on Friday, presenting his third consecutive budget, said that welfare schemes under the government's guarantee program have been allocated Rs.51,034 crore, with the state's liabilities accounting for 24.91% of the Gross State Domestic Product (GSDP).

He said that the state plans to borrow Rs.1.16 lakh crore, pushing Karnataka's total liabilities to Rs.7.64 lakh crore from Rs.6.65 lakh crore last year.

"Karnataka is one of the fastest-growing states in India, contributing 8.4% to the National Gross Domestic Product (GDP). The state has continued its growth trajectory in 2024-25 and is poised to achieve a GSDP growth rate of 7.4%, outpacing the national growth rate of 6.4%," Siddaram...