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Besides agriculture, the separate budget encompasses the

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Press Trust of India
Last Updated : Feb 08 2013 | 7:30 PM IST
sectors of sugar, horticulture, animal husbandry, fisheries, sericulture, cooperation, agriculture market, water resources and minor irrigation. "Rs 1,200 crore is reserved for food subsidy during 2013-14", said Shettar, who tabled the Rs 1,17,005 crore budget, an increase of 13.88 per cent over the figure of Rs 1,02,742 crore in the previous year. He sought approval for vote on account for the period up to July 31 this year. "Revenue surplus is estimated to be Rs 585 crore. Fiscal deficit is expected to be Rs 16,714 crore, which is 2.78 per cent of GSDP," he said. Shettar said total liabilities at Rs 1,34,472 crore at the end of 2013-14 are estimated to be 22.35 per cent of GSDP, which is within the ceiling of 25.2 per cent limit of the Karnataka Fiscal Responsibility Act for the year 2013-14. Meanwhile, liquor prices will go up and footwear will cost less as per the budget proposals. The government proposed to revise the 17 slabs of declared prices relating to Indian made liquor by increasing each of them by Rs 40, and double the licence fee collected for transfer of retail liquor licence and bar and restaurant licences from one person to another. Footwear costing up to Rs 200 per pair would be exempted from tax. Tax exemption on paddy, rice, wheat, pulses and products of rice and wheat would be continued for one more year from April this year.

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First Published: Feb 08 2013 | 7:30 PM IST

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