The Ministry of Finance () is a ministry within the State Government of Karnataka concerned with the economy of Karnataka, serving as the Treasury of Karnataka.
Overview Established after the States Reorganisation Act, 1956, the department gained statutory authority under the Karnataka Fiscal Responsibility and Budget Management Act, 2002.
The department is structured into three wings; the Budget wing prepares annual state budgets, the Treasury wing manages ₹1.2 lakh crore transactions annually, and the State Taxes wing oversees annual revenue of ₹80,000 crore.
Key functions of the department include formulation of state economic policies, administration of ₹3.71 lakh crore budget (), and implementation of the KPFMS digital platform.
The 2023 Comptroller and Auditor General report noted that 32 percent of scheme funds were unutilized, there were FRBM norm violations in off-budget borrowing, and that there were implementation delays in the KPFMS digital platform.
Improvement measures include, in 2023, monthly spending reviews, and a forty percent reduction in approval layers.
List of Finance Ministers S. No NamePartyTermChief Minister1.H. C. Dasappa25 October 194730 March 1952ReddyK. Chengalaraya Reddy2.T. Mariappa16 November 19569 March 1962Nijalingappa IS. NijalingappaNijalingappa IIS. NijalingappaJattiB. D. Jatti3.S. R. Kanthi14 March 196220 June 1962KanthiS. R. Kanthi4.B. D. Jatti21 June 19627 June 1965Nijalingappa IIIS. Nijalingappa5.Ramakrishna Hegde7 June 196518 March 1971Nijalingappa IIIS. NijalingappaNijalingappa IVS. NijalingappaPatil IVeerendra Patil6.M. Y. Ghorpade20 March 197231 December 1977Urs ID. Devaraj Urs7.S. M. Yahya28 February 19787 January 1980Urs IID. Devaraj Urs8.M. Veerappa Moily12 January 19806 January 1983RaoR. Gundu Rao9.B. S. Yediyurappa30 May 200831 July 2011Yediyurappa IIB. S. Yediyurappa10.D. V. Sadananda Gowda4 August 201112 July 2012GowdaD. V. Sadananda Gowda11.Jagadish Shettar12 July 201213 May 2013ShettarJagadish Shettar12.Siddaramaiah13 May 201315 May 2018Siddaramaiah ISiddaramaiah13.H. D. Kumaraswamy23 May 201823 July 2019Kumaraswamy IIH. D. Kumaraswamy(9).B. S. Yediyurappa26 July 201928 July 2021Yediyurappa IIIB. S. Yediyurappa14.Basavaraj Bommai28 July 202120 May 2023B. BommaiBasavaraj Bommai(12).Siddaramaiah20 May 20233 June 2026Siddaramaiah IISiddaramaiah15.D. K. Shivakumar3 June 2026IncumbentShivakumarD. K. Shivakumar
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