TN revenue deficit pegged at ₹9.1k crore
According to Tamil Nadu's interim budget, the state's revenue deficit is estimated to be ₹9,154.78 crore while the fiscal deficit for 2016-17 is projected at ₹36,740.11crore. The high revenue deficit is due to the falling tax revenue and "unique" welfare schemes, Finance Minister O Panneerselvam said. The new government, after elections in May, is expected to present the full budget.