Nation Other News 22 Feb 2017 With Rs 2.5 lakh cro ...

With Rs 2.5 lakh crore debt, Tamil Nadu populist schemes on rise

DECCAN CHRONICLE. | S THIRUNAVUKARASU
Published Feb 22, 2017, 6:12 am IST
Updated Feb 22, 2017, 6:24 am IST
Total expenses go up to Rs 5,472 crore every year.
Tamil Nadu government
 Tamil Nadu government

Chennai: Despite the Tamil Nadu government's debts mounting to over 2.52 lakh crore, the expenditure of the government is rising every day, at the expense of allocation for key areas like education, health and infrastructure.

The total expenses on populist schemes have gone up to Rs 5,472 crore every year, besides the subsidies and grants which stands at 68,211 crore as per the revised estimates for the financial year 2016-17.

 

s

The outstanding debt had been rising from the financial year 2014-15, when it was 1,79,967 crore. In the next year, it crossed the two lakh crores mark and reached Rs 2,11,903 crore. As per the interim budget estimate in 2016, the debts had gone up to Rs 2,47,031 crore. If calculated in the GSDP ratio, the total debts are 18.43 per cent as per the present estimates.

On the contrary, the state's own tax revenue had seen only a marginal rise, a finance offical said. The tax revenue which was Rs 157,069 crore in 2015-16  is now estimated at Rs 1,48,175 crore. The grants-in-aid from the Union government had also seen only a slight rise from Rs 22,496 crore in the interim budget of 2016-2017 to Rs 24,741 crores, a government official said.

 

The government is carrying out many welfare schemes and giving subsidies and grants for several sections of people. The subsidies and grants, which amounted to Rs 50,713 crore in the 2015-2016 budget had seen a rise of Rs 68,211 crore.

The amount spent on distribution of mixies and grinders takes up Rs. 935 crore every year and the eight grams of gold scheme for marriage comes to Rs 703 crore, while the free distribution of laptops are given at a cost of Rs 889 crore. At present Rs 668 crore is spent on maternity assistance scheme and Rs 505 crore on free and concessional bus passes to students.

 

The state government is spending Rs 487 crore for free distribution of handloom cloth, Rs 409 crore on uniforms to students and Rs 264 crore on free supply of text books for students, besides giving free bicycles at a cost of Rs 232 crore. For rural people, sheep, goats and milch cows are given at an estimate of Rs 182 crore every year.

Among the subsidies, the one given to Tamil Nadu Electricity Board tops the list with Rs 9,007 crore and the MGREG scheme is given a subsidy of Rs 7,155 crore, while Rs 5,500 crore are given to food subsidy. Besides, transport depart gets a subsidy of Rs 200 crore on diesel.

 

...




ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
-->