The DMK government in Tamil Nadu presented the budget for 2022-23 in the Assembly on Friday and Finance Minister Palanivel Thiaga Rajan said that for the first time since 2014, the revenue shortfall will decrease by more than Rs 7,000 crore.
Citing the coronavirus pandemic, the floods and the government’s measures to deal with the situation, Thiaga Rajan said such aspects were negatively impacting the already strained state finances.
Although the revenue shortfall has increased intimidatingly every year since 2014, “for the first time” this year, it has changed and Tamil Nadu’s revenue deficit is set to decrease by more than Rs 7,000 crore, he said.
In this challenging year, the budget deficit will also fall from 4.61 percent to 3.80 percent, he noted.
This administration’s clear, focused action and administrative efficiency have enabled the turnaround, he said.
The minister said Chief Minister MK Stalin is the foundation of such an action that symbolized the “Dravidian model” of growth, which propelled self-esteem, harmony and social justice for inclusive growth.
As soon as the finance minister started his budget presentation, opposition leader K Palaniswami tried to raise some issues.
Speaker M Appavu said nothing would be registered and added that the opposition would be given time after the budget presentation and that they would be able to express their views later.
Din ruled the House for a while as key opposition party members, including deputy leader O Panneerselvam, rose to raise some issues. Slogans were also put forth by opposition members.
The Speaker repeatedly urged them to resume their seats and said matters are limited to the presentation of the budget before March 18. Both Palaniswami and Panneerselvam, who were former Chief Ministers, were well aware of the practices and they should protect the Assembly’s traditions, the chairman said.
This post Tamil Nadu Budget 2022: Palanivel Thiaga Rajan Presents Budget, Says Income Shortage Will Reduce
was original published at “https://www.zeebiz.com/india/news-tamil-nadu-budget-2022-palanivel-thiaga-rajan-presents-budget-says-revenue-deficit-set-to-decline-181156”
