T.N. Budget 2024-25: A tightrope walk amid financial constraints
On September 15, 2023, the government launched its flagship Kalaignar Magalir Urimai Thittam, which grants ₹1,000 per month to over 1.15 crore women heads of families, fulfilling its poll promise. A key aspect of this Budget would be revenue augmentation to meet the expenditure for various schemes. Fiscal 2023-24 has been challenging for the State’s finances, owing to the heavy floods in Chennai and southern districts.
According to the Governor’s Address, the State was grappling with a severe stress on its fiscal resources in the aftermath of the disasters, and its capacity for resource mobilisation was constrained following the implementation of GST.
