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LATEST NEWS UPDATES | Fiscal indicators of Tamil Nadu deteriorated drastically: Finance Commission

Fiscal indicators of Tamil Nadu deteriorated drastically: Finance Commission

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published Published on Feb 6, 2021   modified Modified on Feb 6, 2021

-The Hindu

‘It moved from a revenue surplus to a revenue deficit State’

Chennai: Tamil Nadu’s fiscal indicators have deteriorated drastically from 2012-13 to 2018-19 and most borrowings in the recent years have gone to fund its revenue deficit, instead of capital expenditure, the 15th Finance Commission report tabled in the Parliament recently said.

Tamil Nadu moved from a “revenue surplus” to a “revenue deficit” State after 2012-13, it noted. A revenue deficit is the difference between the government’s revenue receipts and revenue expenditure and reflects that the government’s earnings are not adequate to meet its day-to-day operational expenses.

Tamil Nadu’s Debt-Gross State Domestic Product (GSDP) ratio has increased to 22.6% in 2018-19, from 17.2% in 2012-13, the Commission said.

The State implemented its Fiscal Responsibility Budget Management (FRBM) Act and has adhered to the limits set in recent years.

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The Hindu, 6 February, 2021, https://www.thehindu.com/news/national/tamil-nadu/fiscal-indicators-deteriorated-drastically-finance-commission/article33764035.ece?homepage=true


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