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Borrowing of ₹51,000 crore
January 4 , 2023
693 days
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- Tamil Nadu is planning to raise ₹51,000 crore in the fourth quarter (January-March) of fiscal 2022-2023.
- This will be done by auctioning off bonds called State Development Loans.
- This is 45.7% higher than the ₹35,000 crore it borrowed in the fourth quarter (Q4) of fiscal 2022.
- From April-December 2022, the State borrowed ₹49,000 crore, which is lower than the ₹52,000 crore it borrowed during the same period in 2021.
- Tamil Nadu’s total revenue receipts is ₹1,29,600.46 crore so far in fiscal 2022-23 (till October).
- This is a 28.3% increase from ₹1,01,047.40 crore in the same period last year.
- The State’s fiscal deficit stood at ₹25,931.10 crore as of October-end, 2022.
- This was ₹28,108.69 crore at the end of October 2021.
- In fiscal 2021-22, the State’s gross borrowings was ₹87,000 crore.
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