Thennarasu tables tax free budget, says Revenue deficit to come down

Chennai, March 14 -- Tamil Nadu Finance Minister Thangam Thennarasu presented a tax free budget, while projecting the Revenue Deficit to reduce to Rs 41,635 crore by bringing it down to 1.17 per cent of the GSDP this year.

He said the Centre withholding funds under Samagra Shiksha, denial of funds under NDRF for Cyclone Fengal, have all caused a severe strain on the State Finances.

Presenting the budget in the State Assembly, he said the Revenue deficit in revised estimates is estimated to decrease to Rs.46,467 crore compared to Rs.49,279 crore in 2024-25, on account of prudent fiscal management.

This has been achieved despite the substantial reduction in grants-in-aid from the Union Government in the current year.

He said in this t...