TN CM pegs Rs 85,000 Cr fiscal deficit amid Covid-19 pandemic
PTI, Jun 27, 2020, 3:14 PM IST
Chennai: Tamil Nadu would face a fiscal deficit of about Rs 85,000 crore in view of revenue losses, Chief Minister K Palaniswami has said.
“There was no revenue for the government in the past two months,” he said adding there have been revenue losses as industries and other businesses did not function.
In view of such a scenario and revenue losses of about Rs 13,000 to Rs 14,000 crore a month, “our Finance Secretary has said that there would be a fiscal deficit of approximately Rs 85,000 crore,” he told reporters here on Friday.
Palaniswami, after chairing official meetings to review anti-COVID-19 measures and other projects said the government would help people to the maximum possible extent.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Lok Sabha elections 2024: EC takes cognisance of MCC violation by Modi, Rahul; seeks response by April 29
Lok Sabha polls 2024: Sunita Kejriwal likely to join AAP’s campaign in Delhi, will hold roadshows this weekend
Kerala Election 2021: 194 Candidates Battle for Votes from 2.75 Crore Voters
Accused in firing on police arrested in Delhi’s Rohini
Rahul Gandhi concludes Maharashtra visit, departs for Delhi
MUST WATCH
Latest Additions
Kollegela MLA A.R. Krishnamurthy escapes unhurt in car mishap
Lok Sabha elections 2024: EC takes cognisance of MCC violation by Modi, Rahul; seeks response by April 29
Polali: Case filed against a man for molesting minor
Kotak Mahindra Bank shares tank 13%; mcap erodes by Rs 37,721 crore post RBI action
Lok Sabha polls 2024: Sunita Kejriwal likely to join AAP’s campaign in Delhi, will hold roadshows this weekend