Tamil Nadu Tables Interim Budget Ahead Of Assembly Elections4Photo© business-standard.com

Tamil Nadu Tables Interim Budget Ahead Of Assembly Elections

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Ahead of the Tamil Nadu assembly elections likely in April, the AIADMK government in the state today presented an interim budget for 2021-22 with the COVID-19 pandemic contributing to a higher fiscal deficit of over Rs 84,000 crore.

The budget, presented amid a boycott by DMK and its allies, projected a positive growth rate of 2.02 per cent in 2020-21 as it expressed hopes of the economy rebounding due to various sustainable policy decisions of the government.

While the main opposition DMK and its allies, including the Congress and the Indian Union Muslim League, boycotted the budget presentation by staging a walkout, leader of the opposition MK Stalin, in a statement, condemned the government for an alleged Rs 5.70 lakh crore debt.