The PMK’s annual shadow budget released on Wednesday expressed concerns that the State was in a dire situation with respect to its finances, and observed that the non-tax revenue could be increased to over ₹ 2 lakh crore to tackle the situation.
Addressing the media after releasing the budget, party president Anbumani Ramadoss said that the revenue and fiscal deficit to be announced by the government in its budget would be higher than the projections made earlier. Criticising the government for keeping the State’s non-tax revenue only around ₹19,000 crore, he said this could be increased manifold with the natural resources and reforming public sector companies to make them profitable.
The PMK’s shadow budget envisaged the non-tax revenue to be ₹2,00,180 crore, with ₹1.15 lakh crore coming from the sale of granite and other such sources, ₹40,000 crore through sale of artificial sand, and ₹25,000 crore from public sector companies.
