TN budget disappointing DMK govt is depending on borrowings AIADMK
Chennai Mar 18 PTI The Tamil Nadu Budget for 2022-23 presented on Thursday has disappointed the people as there was no announcement on the much-expected waiver of educational loan and the government has deferred its assurance of providing Rs 1000 aid to woman head of a family former Chief Minister and co-coordinator of AIADMK K Palaniswami said and stated that the DMK regime appears to depend entirely on borrowings to run the government Though life returned to normalcy with industrial activity revving up and revenue through registration and transport departments increasing post-pandemic the government continues to borrow Palaniswami said During the AIADMK regime the pandemic caused havoc and there was a lull in industrial activity The revenue declined as a result but now things have become normal The revenue is increasing and strangely even the borrowings he told reporters outside the Assembly after staging a walkout from the Assembly along with the AIADMK members The borrowings ought to decrease with a rise in revenue but the DMK government borrowed Rs 228 lakh crore since it came to power This shows its way of functioning Palaniswami said and stated that the previous AIADMK government borrowed Rs 485 lakh crore in 10 years along with Rs 1 lakh crore debt left by the DMK when it demitted office in 2011 But the DMK government borrowed Rs 108 lakh crore in 2021 – 22 and totally Rs 228 lakh crore in two years he said The government plans to borrow Rs 120 lakh crore during 2023-24 fiscal Palaniswami said When the AIADMK was in power the government borrowed for capital expenditure Palaniswami who is the Leader of the Opposition in the Assembly said that despite the Centre and nearly 25 State governments reducing the price of petrol and diesel the Tamil Nadu government has not effected a cut in the fuel price PTI JSP NVG NVG
Chennai Mar 18 PTI The Tamil Nadu Budget for 2022-23 presented on Thursday has disappointed the people as there was no announcement on the much-expected waiver of educational loan and the government has deferred its assurance of providing Rs 1000 aid to woman head of a family former Chief Minister and co-coordinator of AIADMK K Palaniswami said and stated that the DMK regime appears to depend entirely on borrowings to run the government Though life returned to normalcy with industrial activity revving up and revenue through registration and transport departments increasing post-pandemic the government continues to borrow Palaniswami said During the AIADMK regime the pandemic caused havoc and there was a lull in industrial activity The revenue declined as a result but now things have become normal The revenue is increasing and strangely even the borrowings he told reporters outside the Assembly after staging a walkout from the Assembly along with the AIADMK members The borrowings ought to decrease with a rise in revenue but the DMK government borrowed Rs 228 lakh crore since it came to power This shows its way of functioning Palaniswami said and stated that the previous AIADMK government borrowed Rs 485 lakh crore in 10 years along with Rs 1 lakh crore debt left by the DMK when it demitted office in 2011 But the DMK government borrowed Rs 108 lakh crore in 2021 – 22 and totally Rs 228 lakh crore in two years he said The government plans to borrow Rs 120 lakh crore during 2023-24 fiscal Palaniswami said When the AIADMK was in power the government borrowed for capital expenditure Palaniswami who is the Leader of the Opposition in the Assembly said that despite the Centre and nearly 25 State governments reducing the price of petrol and diesel the Tamil Nadu government has not effected a cut in the fuel price PTI JSP NVG NVG
