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TN Economic’s Data
December 12 , 2022
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- Tamil Nadu’s net market borrowings (after adjusting for repayments) have been down by about 30.3% till September in FY 2022-23.
- It is reduced to ₹24,403 crore from ₹35,000 crore in the same period last year.
- Tamil Nadu borrows from the market through the issue of bonds known as State Development Loans (SDLs).
- Tamil Nadu’s total revenue receipts stood at about ₹1.12 lakh crore in the first half of 2022-23, up from ₹85,209.74 crore last year.
- As on September 30, 2022, Tamil Nadu’s fiscal deficit stood at ₹18,726.32 crore and the revenue deficit at ₹4,184.10 crore.
- Maharashtra and Odisha have witnessed fiscal surpluses in the first half of fiscal 2023.
- Some large states like Karnataka, Gujarat, Tamil Nadu, Uttar Pradesh and Madhya Pradesh have posted very small deficits (less than 30% of budgeted estimates).
- Bihar and Andhra Pradesh have already breached their full-year targets in the first half of 2023.
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