Tamil Nadu government presents revenue deficit budget of Rs 17490.58 crore

Tamil Nadu Presents Deficit Budget Expects Economy To Grow Fiscal

Confederation of Indian Industry, Tamil Nadu, today welcomed the state budget presented by Deputy Chief Minister O Panneerselvam, saying it addressed the needs of various segments. Nothing significant for farmers, weavers and fishermen,"said Kamal Haasan".

Haasan, who calls himself a rationalist, also raised questions on why the Budget made no mention of Hindu religious and charitable endowments.

"This government is steadfast in its efforts to tap the full potential of the state in the renewable energy sector and is continuously pursuing with the union government for the development of a dedicated Inter-State Green Energy Corridor to transmit surplus wind energy to energy deficit states", he said.

At the same time, the 63-year-old actor-turned-politician asked how the minorities in the state trust a government to fulfil its promises when it abruptly cancels the election for the Wakf board head. "We need outcomes, not outlays", the statement said.

Despite a burden on account of the implementation of the new pay hikes is estimated at Rs 14,719 crore a year.

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Rs 11,000 crore has been earmarked for the Health Department. The project is aimed at bringing drinking water and irrigation to western part of Tamil Nadu. The government has allocated Rs 2.58 bilion for the project for the next fiscal year.

"My people deserve better representatives to script their future", he said.

While providing Rs 786 crore for State Disaster Response Fund for 2018-19, he also announced a comprehensive flood management plan for south and north Chennai to mitigate flood problems and sought a financial assistance of Rs 3,055.67 crore from the Centre.

Panneerselvam said an amount of Rs 13,964.08 crore has been provided for the energy sector in the budget 2018-19, which includes Rs 7,537.78 crore as power subsidy for agriculture and other purposes. The expenditure for the next fiscal is estimated at Rs 193,742 crore. He believed the economy would pick up the next fiscal and the signals are there in the growth of the gross state domestic product (GSDP).

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