तमिल नाडु राज्य बजट 2016-17 विश्लेषण

मुख्य बातें

• Total expenditure of Rs 1,86,000 crore in 2016-17 actuals — up 24.4% over 2014-15 — in a year of two budgets, an election, a cyclone, demonetisation and the death of a sitting chief minister
• Fiscal deficit of Rs 35,000 crore (2.8% of GSDP of Rs 12,68,000 crore) on the core account; including the one-time UDAY takeover of TANGEDCO debt, the revised estimates showed Rs 61,341 crore, or 4.58%
• Under UDAY, the state took over Rs 22,815 crore — 75% of TANGEDCO's Rs 30,420 crore eligible debt — with the remaining Rs 7,605 crore converted into utility power bonds
• The UDAY restructuring generated combined interest savings of about Rs 1,335 crore a year for the state and TANGEDCO, per the 2017-18 budget speech
• Revenue receipts of Rs 1,50,000 crore, closely tracking the revised budget's projection of Rs 1,48,175.09 crore
• Capital expenditure of Rs 24,000 crore, in line with the Rs 24,679.38 crore provided in the July 2016 revised budget
• A cooperative farm loan waiver for small and marginal farmers was announced with dues assessed at Rs 5,780.92 crore; Rs 1,680.73 crore was provided in-year for 8.35 lakh small and 8.59 lakh marginal farmers
• Final waiver execution covered Rs 4,893.48 crore of principal and Rs 386.77 crore of interest on cooperative crop, medium- and long-term farm loans
• Free electricity for domestic consumers was doubled to 100 units, and maternity assistance was raised from Rs 12,000 to Rs 18,000 during the year
• Cyclone Vardah struck Chennai in December 2016: Rs 585 crore was sanctioned from the SDRF and Rs 22,573 crore sought from the NDRF for restoration
• The northeast monsoon failed catastrophically — a 62% combined rainfall deficit — prompting a Rs 39,565 crore drought memorandum to the Centre and Rs 615 crore of immediate state relief
• Demonetisation in November 2016 dented commercial tax and stamp duty collections in the two decisive quarters of the fiscal year
• The CAG later flagged that the state's fiscal deficit rose 72.16% in 2016-17, almost entirely on account of the UDAY debt absorption