Seven ideals form bedrock of Tamil Nadu Budget 2024
The HinduA scheme to provide ₹1,000 a month to boys who have studied in government schools from classes 6 to 12 and are pursuing higher education, a scheme named after former Chief Minister M. Karunanidhi to provide housing for the poor with an outlay of ₹3,500 crore and the Chief Minister’s Thayumanavar scheme for poverty alleviation are among the major announcements made by the Tamil Nadu government in its Budget for 2024-25. Owing to various factors, the total revenue expenditure was estimated to be ₹3,17,484 crore in the Revised Estimates 2023-24 as compared to ₹3,08,056 crore in the Budget Estimates. The collections from State’s Own Tax Revenue are estimated at ₹1,70,147 crore in the Revised Estimates 2023-24 as against ₹1,81,182 crore in the Budget Estimates, Mr. Thennarasu said. The SOTR has been estimated at ₹1,95,173 crore in the Budget Estimates 2024-25, which is a growth of 14.71 per cent over the Revised Estimates 2023-24. The State’s Non-Tax Revenue was estimated to be ₹30,381 crore in the Revised Estimates 2023-24, which is a substantial increase over the Budget Estimates.