BENGALURU, March 6 -- Chief minister Siddaramaiah will present Karnataka's Budget for 2026-27 in the Legislative Assembly today, as the state grapples with revenue pressures, rising welfare commitments and disagreements over debt estimates.

The CM will present his record 17th budget at 10.15 am. Officials indicate the overall outlay could reach about Rs.4.20 lakh crore.

Like the previous Budget, the 2026-27 plan is expected to project a revenue deficit. The state is unlikely to meet the revenue targets set for 2025-26 due to several factors, including the impact of GST rate changes.

Economic adviser to the chief minister, Basavaraj Rayareddi, said Karnataka is likely to close the current financial year with a revenue shortfall of aroun...