The Tamil Nadu government has begun the presentation of its annual budget on Friday and in the midst of high rates of unemployment and joblessness, the state is under pressure to open up new avenues of employment for its residents. Deputy Chief Minister O Panneerselvam will be presenting the document and announcing the allocations of various departments, development and welfare schemes.
Last year, in his speech, OPS had said that outstanding debt at the end of March 2020 could be 3,97, 495 crore. But with the government set to face local body polls in the urban sectors it is likely to announce welfare and more populist schemes in the current budget, thereby increasing expenditure.
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