Overview
- State BJP chief B.Y. Vijayendra called the 2026–27 budget a debt trap and a bundle of lies during the Legislative Assembly discussion.
- Official figures show proposed borrowings of ₹1.32 lakh crore for 2026–27 and a revenue deficit of ₹22,957 crore, the third consecutive shortfall.
- He claimed total liabilities could exceed ₹8 lakh crore by next year, warning of a heavier interest burden on the state.
- Citing the Water Resources Department, he said a near-flat ₹22,430 crore allocation would see about ₹8,500 crore go to salaries and ₹4,400 crore to interest, leaving roughly ₹9,290 crore for capital works.
- He warned partially completed projects need nearly ₹90,000 crore to finish and could cost about ₹1.25 lakh crore if funding is delayed, while also alleging delayed local elections cost roughly ₹20,000 crore in grants, unfilled vacancies saved ₹15,000 crore at the expense of jobs, and 144 people were given Cabinet status with monthly costs of ₹3–3.5 lakh each.