Chennai: In its maiden budget and subsequent debates for grants for departments in the state Assembly, the Chief Minister C Joseph Vijay-TVK government has rolled out a series of announcements committing a massive Rs 79,219.06 crore from the state exchequer in a landmark legislative push.
Coming amidst fierce criticism from political parties that the fiscal trajectory will cause severe strain on the economy, the government has also reiterated its commitment for fiscal prudence. It has formed a panel under veteran economist Montek Singh Ahluwalia to shore up an additional Rs 15,000 crore this year, amid concerns of an increasing debt burden.
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