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Tamil Nadu Budget 2025 highlights
March 15 , 2025
1 hrs 0 min
25
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- The Tamil Nadu government presented its Budget for 2025-26 in the Legislative Assembly March 14.
- The State government also presented the Agriculture Budget for 2025-26 on March 15.
- The budget logo carried the slogan, ‘Ellarkum Ellam’, (everything for everyone) conveying the idea of inclusiveness.
- The budget has a total disbursement outlay of ₹4,39,293 crores, excluding public debt, with total receipts being ₹3,32,330 crores.
- For 2025-26, Gross State Domestic Product (GSDP) is estimated to be ₹35,67,818 crores.
- The GSDP is estimated to grow 14.5% in 2025-26.
- It is marginally up from the 14.49% growth rate registered in the revised estimates of 2024-25.
- Fiscal deficit is estimated at ₹1,06,963 crores for 2025-26, highest since 2021-22.
- However, fiscal deficit as a percentage of GSDP is expected to fall to 3% in 2025-26, from 3.26% in 2024-25.
- Fiscal deficit is the difference between total receipts and total expenditures laid out in the budget.
- Revenue expenditure for 2025-26 was estimated to be ₹3,31,568 crores, and revenue expenditure ₹3,73,203 crores.
- This puts the revenue deficit at ₹41,635 crores, or 1.17% of the Gross State Domestic Product.
- Revenue expenditure is money spent on salaries, operation and maintenance, subsidies and grants, pensions and retirement benefits and interest payments.
- Revenue receipts is the money the State gets from taxes and non-tax revenue sources, grants-in-aid from the Centre and its share in Central taxes.
- Capital expenditure for 2025-26 was estimated to be ₹57,231 crores.
- Capital expenditure refers to expenses incurred in the creation of fixed assets like civic infrastructure, buildings, and investments made in Public Sector Undertakings.
- Among major sectoral allocations, ₹55,261 crores were allocated to the education, followed by Urban Development and Rural Development.
- The Government plans to borrow a total amount of ₹1,62,096.76 crore during 2025-26 and make repayment of ₹55,844.53 crore.
- The Outstanding Debt as a percentage of Gross State Domestic Product (GSDP) will be 26.07.
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