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Tamil Nadu borrow in last quarter of 2023
January 2 , 2024
317 days
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- The Tamil Nadu government plans to borrow ₹37,000 crore in the fourth quarter of fiscal 2023-24.
- To bridge the income-expenditure gap (fiscal deficit), the State borrows from the market through the issue of bonds known as State Development Loans (SDLs).
- This forms a major part of its total outstanding liabilities.
- So far in fiscal 2023-24 (till December), the State government has raised ₹76,000 crore.
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