State’s fiscal deficit at ₹92,305 crore for 2020-21
The Hindu
Last fiscal, the State was hit by lower revenue collections due to the first wave of the pandemic
Tamil Nadu’s fiscal deficit (the difference between total revenue and expenditure) stood at ₹92,305 crore for fiscal 2020-21, according to un-audited provisional figures from the Comptroller and Auditor General (CAG). Last fiscal, the State was hit by lower revenue collections due to the impact of the first wave of COVID-19 on the one hand and increasing expenditure to tackle the pandemic, on the other. As per provisional figures, the State’s total receipts (including State’s own tax revenue (SOTR) and the share of Central taxes among others and excluding borrowings) stood at ₹1,74,255.66 crore, while the total expenditure stood at ₹2,66,560.73 crore, resulting in fiscal deficit.
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