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Government's gross market borrowings
December 5 , 2024
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- Tamil Nadu government’s gross market borrowings stood at ₹50,000 crore in the first half of fiscal 2024-2025.
- Tamil Nadu borrows from the market through issue of bonds known as State Development Loans (SDLs) to meet their funding requirements.
- Maharashtra was the top borrowing State in the first half of fiscal 2024-2025, with gross borrowings of ₹64,000 crore.
- It was followed by Andhra Pradesh at ₹44,000 crore.
- Tamil Nadu’s total revenue receipts stood at ₹1,23,970.01 crore for the first half of 2024-25.
- This is about 41.46% of the State’s budget estimates for 2024-25.
- The State’s Own Tax Revenue (SOTR) accounts for 75.6% of Tamil Nadu’s total revenue receipts.
- The balance 24.4% of the revenue receipts comes from the share in Central taxes and grants-in-aid from the Union government.
- Tamil Nadu’s revenue deficit, which indicates that expenditure exceeds receipts, came in at ₹28,717.51 crore in the first half of 2024-25.
- The fiscal deficit, the difference between total receipts and total expenditure, stood at ₹53,934.32 crore.
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