Unspoken ones from the CAG report for the year 2018-19.
TN government has spent in excess of 1000 Crores for school education in the year 2018-19.
Not restricting expenditure for education due to budgetary constraints can be appreciated.
Cash balance and investment of cash balances by TN government
2010-11 : ₹15,747 Crores
2018-19: ₹43,229 Crores
Interest payments to revenue receipts posted a reduction from 17.78% to 16.55%. Increased revenue receipts the reason.
Between 2017-18 and 2018-19 the State’s revenue had shown a decent growth in comparison to the preceding years.
For the first time in 5 years the state posted a growth of 19% over the previous year.
While interest payments are amplified, less emphasis is given for increase in expenditure for salaries and pensions.
In the year 2018-19, 41% of the revenue receipts is spent on salaries and pensions. It is close to 50% now.
Between 2014 and 2019, scheme based subsidies has increased by ₹8,549 Crores and the explicit subsidies has reduced by ₹851 Crores.
Good to see reduction in explicit subsidies.
Rate of growth of outstanding debts reduced in comparison to the previous 5 years.
Debt repayment/Debt receipts marked a five year high at 31.43. Shows increased repayments of debts and comparatively less incoming new loans. cag.gov.in/webroot/upload…
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