Rs 60,000 cr required annually for 5 Congress 'guarantees': Karnataka CM

Karnataka Chief Minister Siddaramaiah on Monday said a total of Rs 59,000 crore to Rs 60,000 crore is required annually, for the implementation of Congress' five poll 'guarantees'.

He said, the fresh budget of the new Congress government, which he will be presenting on July 7, is likely to be of the size Rs 3,35,000 crore.

The Chief Minister, who also holds the finance portfolio, was speaking after inaugurating the training camp organised for the newly elected MLAs of the 16th Legislative Assembly.

"The first budget after independence was twenty one crore three lakh rupees, today it is about three lakh nine thousand crore rupees. I will be presenting a new budget on July 7 it may be (of the size) three lakh thirty to thirty five thousand crore rupees," Siddaramaiah said.

Addressing the newly elected legislators, he said, "the present budget is around three lakh nine thousand eight hundred and ninety six crore rupees, as I'm implementing five guarantees, I will have to provide rupee