Tamil Nadu’s fiscal deficit, the difference between total receipts and total expenditure, stood at ₹72,418.99 crore in fiscal 2022-23, as per the preliminary unaudited provisional figures from the Comptroller and Auditor General of India (CAG).
These figures may be subject to further revisions. While presenting the Budget for 2023-24, the State government had revised its fiscal deficit estimates to ₹74,524.64 crore for 2022-23. That was a reduction of around ₹15,589.07 crore from the initial estimates.
The State’s total receipts (which included revenue receipts and capital receipts) stood at ₹2,43,133.76 crore in 2022-23 as per the preliminary figures. Total expenditure (revenue and capital expenditure, including net loans and advances) was ₹3,15,552.75 crore for 2022-23. The total revenue receipts, which includes the State’s Own Tax Revenue (SOTR), share of Union Taxes, Non-Tax Revenue and Grants-in-aid and contributions, was ₹2,42,013.85 crore for 2022-23.
