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Borrowings in first quarter of 2024-25
September 6 , 2024
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- Tamil Nadu government’s gross market borrowings stood at ₹21,000 crore in the first quarter (April-June) of 2024-25.
- In the first quarter of 2023-2024, the State government had a gross market borrowing of ₹25,000 crores.
- The State government borrows from the market through the issue of bonds known as State Development Loans (SDLs).
- In the April-June 2024 period, the Andhra Pradesh government was the top borrower at ₹27,000 crore, followed by Tamil Nadu.
- State’s Own Tax Revenue (SOTR) constitutes over 70% of its total revenue receipts.
- SOTR increased 3.13% in the first quarter of 2024-25 to ₹37,605.43 crore from ₹36,461.89 crore in the same period last year.
- Tamil Nadu’s overall revenue receipts stood at ₹55,467.63 crore in the first quarter of 2024-25.
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