2013-2014 Tamilnadu Budget Announcement- Said by O Panneerselvam(TN)
Tamilnadu Budget 2013-14: Finance Minister O Paneerselvam Govt of Tamilnadu will scheduled to proposals TN State Budget 2013-2014 on 21st March 2013. 3rd budget of Jayalalitha Government.
State finance minister O Pannerselvam, who presented the budget in the assembly, said against the backdrop of the slow growth of the Indian economy in general and its possible repercussions on the state’s economy in particular, no new tax will be imposed, nor will any existing tax rate be hiked in the budget.
He also said that the state’s outstanding public debt has crossed Rs 1.55 lakh crore and at the same time the state’s own tax revenue has crossed Rs 73,000 crore.
Paneerselvam said an allocation of Rs 2,000 crore for infrastructure development fund and Rs 200 crore for the project preparation fund have been provided in the budget.
According to the budget document, the state government has increased the allocation for agriculture sector from Rs 4,829 crore to Rs 5,189 crore in 2013-14.
For the food subsidy, the state government has provided Rs 4,900 crore in the budget estimates and increased the state stablisation fund from Rs 50 crore to Rs 100 crore to check the prices of essential commodities.
In addition, the government also allocated more funds for highways, handloom and textiles, solar energy, tourism, rural development, bridges, drinking water and among others.
In the health sector, the government has announced to establish two more regional cancer centres in Tanjavur and Tirunelveli and strengthening operation theatres in all district headquarters hospital.
However, no new announcements were made in school and higher education.
Meanwhile, the DMK members boycotted the budget presentation by staging a walkout from the house.
Source: Times of India