What’s the highlight of TN Budget?

Tamilnadu Finance Minister Palanivel Thiaga Rajan said today there will be a significant reduction of the Fiscal Deficit from 4.61 per cent to 3.80 per cent during this financial year.

Presenting the Budget 2022-23 in the Assembly today, Palanivel said, ‘reversing an alarming trend of increasing deficits every year since 2014, the revenue deficit is estimated at Rs 52,781.85 crore in 2022-23. The total capital expenditure is expected to be at Rs 43,832.54 crore’.

‘With the economy bouncing back, we must rebalance our priorities and focus on social infrastructure and development without compromising on welfare schemes,’ he added.

Palanivel further said, ‘In order to motivate government school students to aspire to join higher education institutions like IIT, IISC & AIIMS, the Tamil Nadu government will bear the entire cost of undergraduate education of students who studied in government schools from classes 6-12.’

He also said that all assistance would be provided to students who decided to discontinue their education after returning from Ukraine, amid the on-going crisis.

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