The DMK government in Tamil Nadu introduced the Budget for 2022-23 in the Assembly, and FM Palanivel Thiaga Rajan said that the revenue deficit is set to decrease by over Rs 7,000 Crores.

Mentioning the Covid-19 pandemic, the floods, and the government action to tackle the situation, Thiaga Rajan said such factors had a negative impact on the state’s fin­ances. The overall revenue deficit has dropped to Rs 55,272.79 Crores in revised estimates against the budg­eted Rs 58,692.68 Crores. The 15th Central Finance Commission suggested a fiscal deficit of over 4.5 per cent of GSDP in 2021-22.

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The minister also said that Rs 2,531 Crores for waiver of agricultural loans, Rs 1,000 Crores for waiver of jewel loans and Rs 600 Crores for waiving self-help group loans has been allocated. All girl students who studied from Classes 6 to 12 in government schools will be paid Rs 1,000 per month directly into their bank account until their undergraduate degree, diploma and ITI courses.”