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Tamil Nadu presents fiscal deficit budget, expects 7.27 % growth

State's debt to increase to over Rs 4.56 trillion

palaniswami
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E Palaniswami

T E NarasimhanGireesh Babu Chennai
Ahead of 2021 Assembly election, the Tamil Nadu Chief Minister K Palaniswami-led AIADMK Government today presented its last full-fledged budget focussing more on populist schemes and showing a fiscal deficit.

The state’s economy grew at 8.17 per cent in 2018-19 and is projected to frow by about 7.27 cent in 2019-20, according to State’s Budget document, which was presented by Deputy Chief Minister and Finance Minister O Paneerselvam, who tabled his ninth full budget at the State assembly.

Tamil Nadu's nominal GSDP growth is estimated to be 12 per cent in 2021-22 and 2022-23.

The State, which is known for

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