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

INLD president and former Haryana CM Om Prakash Chautala dies in Gurgaon

President Murmu expresses grief over loss of lives in Jaipur gas tanker crash

HC upholds tender awarded to Adani Group to redevelop Dharavi slum sprawl

Shocked and sad, says Minister Hebbalkar accusing BJP MLC of using derogatory word

Lok Sabha adjourns sine die

Mangaluru-Puttur passenger train to be extended to Subrahmanya?

Search operation on for 7-yr-old boy missing after ferry-Navy craft crash

Related Articles More

Tata Consumer Products denies reports on exit of Starbucks from India

Kashmir shivers ahead of ‘Chillai-Kalan’ , Srinagar records coldest night of season

We had to hide him, he’s his own enemy: MCA dismisses Shaw’s outburst over Vijay Hazare snub

Cong members put Ambedkar’s photos on their desks in Maharashtra assembly

INLD president and former Haryana CM Om Prakash Chautala dies in Gurgaon

MUST WATCH

Tulunadu Daivaradane

Feeding Birds with Creative Paddy Art!

Areca Nut

HOTEL SRI DURGA BHAVANA

Harish Poonja


Latest Additions

Tata Consumer Products denies reports on exit of Starbucks from India

Kashmir shivers ahead of ‘Chillai-Kalan’ , Srinagar records coldest night of season

We had to hide him, he’s his own enemy: MCA dismisses Shaw’s outburst over Vijay Hazare snub

Cong members put Ambedkar’s photos on their desks in Maharashtra assembly

Tata Power Renewable Energy partners with Canara Bank

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.