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TN’s debt to cross ?5 lakh crore in 2021-22

TN’s debt to cross ?5 lakh crore in 2021-22

  • The State Own Tax Revenue is expected to be ?1,09,968.97 crore in the Revised Estimates 2020-21, which represents a drop of 17.64% against ?1,33,530.30 crore anticipated as revenue in the Budget Estimates 2020-21.
  • Tamil Nadu Deputy Chief Minister O. Panneerselvam said due to the COVID-19 pandemic and an increase in spending for health and relief, the total revenue deficit in 2020-21 is revised to ?65,994.05 crore, up from ?21,617.64 crore projected in the Budget Estimates 2020-21.