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Tamil Nadu top borrower in Fiscal 2023
May 30 , 2023
322 days
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- As per the data from Reserve Bank of India (RBI), Tamil Nadu’s gross market borrowings were at the same level as 2021-22.
- Tamil Nadu was the top borrowing State in terms of gross borrowings in 2022-23.
- It was followed by Maharashtra, West Bengal, Andhra Pradesh, and Uttar Pradesh.
- The State’s tax revenue increased nearly 18 per cent to ₹1,88,953.57 crore in 2022-23 from ₹1,60,324.66 crore in 2021-22.
- The State’s total revenue receipts was ₹2,42,013.85 crore for 2022-23.
- Its total receipts stood at ₹2,43,133.76 crore in 2022-23.
- The total expenditure was ₹3,15,552.75 crore for 2022-23.
- The revenue expenditure has come in at ₹2,69,562.94 crore for 2022-23.
- The quality of deficit (ratio of revenue deficit and fiscal deficit) has seen a significant improvement.
- The ratio was 38.02% in 2022-23 and it was a six-year high when compared to 22.52% in fiscal 2017.
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