Tamil Nadu presents revenue-deficit Budget

State expects economic grow by around 9% in 2017-18

Tamil Nadu Finance Minister D Jayakumar, Thursday presented a tax-free budget for the year 2017-18. The budget also expects an increase in revenue deficit during the period.

The budget estimated fiscal deficit of 2.79 per cent of the GSDP in 2017-18 and this is further expected to increase to a fiscal deficit of 3.17 per cent in 2018-19 and 2.80 per cent in 2019-20.

In absolute terms the fiscal deficit would be Rs 41,976.78 crore for 2017-18, and Rs 53,586.28 crore in 2018-19 and Rs 53161.96 crore in 2019-20.

"Fiscal deficit for 2016-17 is estimated at Rs 61,341 crore in the revised estimates 2016-17