Tamil Nadu Finance Minister Mariy Wilson presented the budget for the current financial year. The budget document also outlined how the state’s finances break down for every rupee—both on the revenue side and the expenditure side.
On the revenue side, the largest share comes from the state’s own tax revenue at 43.3%. Public debt accounts for 33.1%, while the state’s share in central taxes is 11.9% and grants from the Union government make up 6.3%.
The remaining revenue components include the state’s own non-tax revenue at 5.3%, collections and capital receipts from loans at 0.1%, as per the budget figures.
On the expenditure side, subsidies and grants form the biggest component at 33.2%. Salaries account for 17.3%, and interest payments take up 15.0%.
Capital expenditure is pegged at 10.9%, while debt repayment is 9.9%. Pension and retirement benefits account for 8.0%, operations and maintenance for 3.8%, and lending for 1.9%, according to the budget breakup.
