Tamil Nadu to Borrow Rs. 37,000 Crore in Q4 to Bridge Revenue Gap
• Tamil Nadu government plans to borrow ₹37,000 crore in Q4 of 2023-24, per RBI borrowing calendar • Total planned borrowing is ₹1,43,197 crore in 2023-24; borrowed ₹76,000 crore so far • Borrowings bridge income-expenditure gap; through State Development Loans • SDLs major part of TN's ₹8.34 lakh crore outstanding liabilities • Revenue deficit was ₹24,028 crore till Nov 2023; fiscal deficit at ₹53,125 crore