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The Northern Ireland Assembly Finance Committee, however, has suggested extending the scheme.
BBC: NI 'Tesco tax' extended to hit big business
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But Kevin Morris, chairman of the Police Superintendents Association, told the Times newspaper opposition to extending the scheme to every man, woman and child was overstated.
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Mr Osborne first suggested extending the scheme in his Budget in March, and the Bank of England's Monetary Policy Committee said there may be "merit" in an extension when it met earlier this month.
BBC: Osborne to extend Funding for Lending Scheme
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Mr King did rule out extending the special liquidity scheme, however, which had provided banks with emergency cash at the peak of the financial crisis.
BBC: Bank of England warns inflation will exceed 3%
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The city council said it was committed to integrating Edinburgh's bus network with the trams and extending the free bus pass scheme to local people.
BBC: Tram on the test track at Gogar depot
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"Extending eligibility to the Blue Badge scheme is a key element of our commitment to modernising the scheme, " said transport minister Carl Sargeant.
BBC: Blue badge disabled parking to be extended in Wales
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The first minister said he has extended the amount of equity loan available under the scheme and will consider extending it in urban areas where house prices are higher.
BBC: No war on England, the First Minister declared this week.
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The scheme's costs have been monitored and the rules adjusted by raising payroll contributions and extending the retirement age.
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In extending by a year and broadening to other credit providers its scheme to supply cheap funds to banks - the Funding for Lending Scheme - the Bank of England is introducing a new incentive for small business lending.
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The government said it wanted to "examine the case for extending automatic blue badge eligibility to seriously injured armed forces personnel" who receive an award under the Armed Forces Independence Scheme.
BBC: Blue badge disabled parking to be extended in Wales