Palanivel Thiagarajan to present TN budget for financial year 2022-23 on 18 March

Tamilnadu budget for the financial year 2022-23 will be presented by Finance Minister Palanivel Thiagarajan on Friday.  This will be an e-budget for the second consecutive year.

The Business Advisory Committee will also decide on the date of presentation of the Agriculture budget and the number of days to debate on the demands for grants for departments.

The finance minister will present a vote-on-account on March 24 for the first few months of the financial year 2022-23 and the final supplementary estimates for 2021-22.

Palanivel Thiagarajan had earlier said the financial problems of the state can be corrected with “once in a generation” reforms and business as “usual approach” cannot continue.

Last year, the government reduced the price of petrol by Rs 3/litre resulting in a revenue loss of Rs 1,160 crore per annum.