Department of Finance (Karnataka)

{{Short description|Karnataka Department of Finance}}
{{Orphan|date=July 2025}}
{{Infobox government agency
| name = Finance Department, Government of Karnataka
| native_name = ಕರ್ನಾಟಕ ಹಣಕಾಸು‌ ಇಲಾಖೆ
| type = State Ministry
| logo =
| logo_caption = Emblem of Karnataka
| formed = {{Start date|1956|05|01|df=y}}
| jurisdiction = [[Government of Karnataka]]
| headquarters = [[Vidhana Soudha]], Bengaluru
| coordinates =
| budget = ₹3.71 lakh crore (2025-26)<ref name="FE2025">{{Cite news |title=Karnataka Budget 2025 Live Updates |url=https://www.financialexpress.com/india-news/karnataka-budget-2025-live-updates-cm-siddaramaiah-bengaluru/3770120/ |work=Financial Express |date=2025-02-07}}</ref>
| minister1_name = [[Siddaramaiah]]
| minister1_pfo = [[Chief Minister of Karnataka|Chief Minister]]
| chief1_name = Ritesh Kumar Singh (IAS)
| chief1_position = Additional Chief Secretary
| chief1_start = 2024-06-21<ref name="IESingh">{{Cite news |title=Karnataka Government appoints Finance Department Secretary Ritesh Kumar Singh |url=https://indianexpress.com/article/cities/bangalore/karnataka-govt-ritesh-kumar-singh-finance-department-9791911/ |work=Indian Express |date=2024-06-21}}</ref>
| parent_agency =
| website = {{URL|https://finance.karnataka.gov.in}}
| footnotes = Criticized for implementation delays (CAG 2023)<ref name="CAG2023">{{Cite web |title=CAG Audit Report |url=https://cag.gov.in/ag2/karnataka/en/audit-report?sector%5B0%5D=27 |publisher=Comptroller and Auditor General |date=2023}}</ref>
}}

The '''Finance Department of Karnataka''' is a ministry within the State Government of Karnataka concerned with the economy of Karnataka, serving as the Treasury of Karnataka.

== History ==
Established post-[[States Reorganisation Act, 1956]], the department gained statutory authority under the ''Karnataka Fiscal Responsibility and Budget Management Act, 2002''.<ref>{{Cite web |title=About Us |url=https://finance.karnataka.gov.in/13/About%20Us/en |publisher=Finance Department}}</ref>

== Structure ==
=== Key Wings ===
* '''Budget Wing''': Prepares annual state budgets
* '''Treasury Wing''': Manages ₹1.2 lakh crore transactions/year<ref>{{Cite web |title=Treasury Dashboard |url=https://finance.karnataka.gov.in/treasury |publisher=Finance Department}}</ref>
* '''State Taxes Wing''': Oversees ₹80,000 crore revenue<ref>{{Cite news |title=Karnataka tax collection grows 15% |url=https://www.deccanherald.com/state/karnataka-tax-revenue-2023-2862345 |work=Deccan Herald |date=2023-07-20}}</ref>

== Key Functions ==
* Formulates [[Economy of Karnataka|state economic policies]]
* Administers ₹3.71 lakh crore budget (2025-26)<ref name="FE2025"/>
* Implements KPFMS digital platform<ref>{{Cite news |title=Karnataka launches e-Budget system |url=https://www.deccanherald.com/state/karnataka-budget-goes-digital-1071609.html |work=Deccan Herald |date=2022-01-15}}</ref>

== Criticism & Reforms ==
=== CAG Audit Findings ===
The 2023 CAG report noted:<ref name="CAG2023"/>
* 32% unutilized scheme funds
* FRBM norm violations in off-budget borrowing
* KPFMS implementation delays

=== Improvement Measures ===
* Monthly spending reviews (2023)
* 40% reduction in approval layers<ref>{{Cite news |title=Karnataka cuts budget red tape |url=https://timesofindia.indiatimes.com/city/bengaluru/karnataka-streamlines-fund-release-process/articleshow/101234567.cms |work=Times of India |date=2023-09-15}}</ref>

==Contact ==
* Finance Department '''Address''': Vidhana Soudha, Bengaluru{{Cite web |title=Contact Us |url=https://finance.karnataka.gov.in/12/Contact%20Us/en
}}

[[Category:Government of Karnataka]]}}

{{Draft categories|

== References ==
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