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Tamil Nadu borrowings in Q2 (2024-25)
July 3 , 2024
10 hrs 0 min
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- Tamil Nadu government plans to borrow ₹24,000 crore in the second quarter of fiscal 2024-2025.
- To bridge the fiscal deficit, the State government borrows from the market through the issue of bonds known as State Development Loans (SDLs).
- The Centre fixes the borrowing ceiling for the State governments.
- Tamil Nadu government plans to borrow a total amount of ₹1,55,584.48 crore during 2024-25 and make repayment of ₹49,638.82 crore, as per the State Budget.
- The outstanding debt as on March 31, 2025 is expected to be ₹8,33,361.80 crore, constituting 26.41% of GSDP in 2024-25.
- It is within the norms prescribed by the Finance Commission.
- In the first quarter of 2024-25, the Tamil Nadu government borrowed ₹20,000 crore.
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