Chennai, Feb. 23 -- Tamil Nadu's deputy chief minister O Paneerselvam, who also holds the finance portfolio, presented a revenue deficit interim budget on Tuesday ahead of the Assembly polls in April-May. Tamil Nadu's debt, which is at Rs.4.87 lakh crore currently, is likely to go up to Rs.5.7 lakh crore. The state finance secretary S Krishnan in a post-budget conference said that the debt situation is within permissible limits.

Paneerselvam's ruling AIADMK complained that the central government, led by their ally the BJP, delayed payments to the state and also alleged a decrease in shares to the state. He also stated that the share of central taxes for Tamil Nadu, which had been indicated in the Union Budget 2020-21 at Rs.32,849.34 cror...