DMK flays TN govt in L&O, fiscal deficit issues

DMK flays TN govt in L&O, fiscal deficit issues

DMK flays TN govt in L&O, fiscal deficit issues: DMK president M Karunanidhi has said the state government had failed to check the rising fiscal deficit resulting in Tamil Nadu ranking in the first place in fiscal deficit in the country.

He said though Tamil Nadu is half the size of Maharastra, its fiscal deficit is more than Maharashtra, and added that Tamil Nadu’s fiscal deficit had gone up from Rs.27,350 crore in 2014-2015 to 31,870 crore in 2015-2016.

Quoting a report in a daily, he said, “Tamil Nadu tops the Nation in fiscal deficit though its gross domestic product – an indicator of wealth generation – is just more than half of Maharashtra, which is the richest State, according to the first handbook on State Finances released by the Reserve Bank of India on Monday.”

“Tamil Nadu