Tamil Nadu State Budget 2024-25 Analysis
Budget EstimateTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Tamil Nadu FY 2024-25
Tamil Nadu State Budget 2024-25 Budget at a Glance
Total Receipts
Rs 2.95 lakh crore
+10.1%
Total Expenditure
Rs 3.94 lakh crore
+12.7%
Fiscal Deficit
3.3%
Rs 99,468 crore
Capital Expenditure
Rs 53,000 crore
+17.8%
Tax Revenue
Rs 1.5 lakh crore
+11.1%
Interest Payments
Rs 43,468 crore
11% of expenditure
Tamil Nadu Revenue Receipts 2024-25
Own tax revenue vs non-tax revenue breakdown
Tamil Nadu Expenditure Breakdown 2024-25
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Top 10 Departments by Allocation
Fiscal Deficit as % of GSDP â Tamil Nadu 2024-25
The fiscal deficit for Tamil Nadu in 2024-25 is 3.3% of GSDP (Rs 99,468 crore), reflecting the state's borrowing needs to fund development programmes.
States are expected to maintain fiscal deficit within 3% of GSDP as per the FRBM Act. Tamil Nadu is maintaining fiscal discipline close to the recommended limit.
Interest payments at Rs 43,468 crore consume 11.0% of total expenditure.
Tamil Nadu State Budget 2024-25 â Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 3.9 lakh crore | 100% |
| 1. Revenue Receipts | Rs 2.95 lakh crore | 75.6% |
| a. Own Tax Revenue | Rs 1.5 lakh crore | 38.5% |
| b. Non-Tax Revenue | Rs 15,500 crore | 4.0% |
| B. Total Expenditure | Rs 3.94 lakh crore | 100% |
| 1. Revenue Expenditure | Rs 3.41 lakh crore | 86.6% |
| 2. Capital Expenditure | Rs 53,000 crore | 13.4% |
| of which: Interest Payments | Rs 43,468 crore | 11.0% |
| C. Fiscal Deficit | Rs 99,468 crore | 3.3% of GSDP |
Source: Tamil Nadu State Budget Documents via PRS India. All figures in Indian Rupees.
Tamil Nadu Department-wise Expenditure 2024-25
Top departments by allocation in Tamil Nadu for 2024-25
| Department â | Revenue â | Capital â | Total â | Share |
|---|---|---|---|---|
1. Education | Rs 43,000 crore | Rs 4,000 crore | Rs 47,000 crore | 11.9% |
2. Health & Family Welfare | Rs 22,000 crore | Rs 5,000 crore | Rs 27,000 crore | 6.8% |
3. Rural Development | Rs 19,000 crore | Rs 6,000 crore | Rs 25,000 crore | 6.3% |
4. Agriculture & Allied | Rs 15,500 crore | Rs 3,500 crore | Rs 19,000 crore | 4.8% |
5. Transport & Roads | Rs 8,000 crore | Rs 10,000 crore | Rs 18,000 crore | 4.6% |
6. Urban Development | Rs 13,000 crore | Rs 5,000 crore | Rs 18,000 crore | 4.6% |
7. Water Supply & Sanitation | Rs 7,000 crore | Rs 8,000 crore | Rs 15,000 crore | 3.8% |
8. Energy | Rs 12,000 crore | Rs 2,500 crore | Rs 14,500 crore | 3.7% |
9. Police & Home | Rs 12,000 crore | Rs 1,500 crore | Rs 13,500 crore | 3.4% |
10. Social Welfare | Rs 11,000 crore | Rs 1,500 crore | Rs 12,500 crore | 3.2% |
Tamil Nadu Budget 2024-25 Analysis & Highlights
Key Highlights
- DMK government under M.K. Stalin presented welfare-focused budget at Rs 3.1 lakh crore.
- Free bus pass scheme for women expanded statewide, costing Rs 2,800 crore annually.
- State GST collections targeted at Rs 80,000 crore with 14% growth assumption.
- Chennai auto industry attracted Rs 20,000 crore in new EV investment commitments.
- Capital expenditure at Rs 48,000 crore focused on urban infrastructure and industrial corridors.
- Healthcare spending of Rs 22,000 crore continued expansion of Chief Minister's Health Insurance.
- Education spending at Rs 42,000 crore included 5,000 new teacher recruitments.
- Fiscal deficit at 3.0% of GSDP, at the FRBM ceiling.
- IT exports from Tamil Nadu crossed $25 billion with Chennai as the second-largest IT hub.
- Textile industry in Tirupur generated Rs 50,000 crore in exports of knitwear and garments.
- Agriculture received Rs 18,000 crore with focus on micro-irrigation in drought-prone districts.
Compare Tamil Nadu Budget â Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 |
|---|---|---|---|---|---|
| Total Expenditure | â | â | â | Rs 3.5 lakh crore | Rs 3.94 lakh crore |
| Revenue Receipts | â | â | â | Rs 2.68 lakh crore | Rs 2.95 lakh crore |
| Capital Expenditure | â | â | â | Rs 45,000 crore | Rs 53,000 crore |
| Fiscal Deficit (% GSDP) | â | â | â | 3.0% | 3.3% |
| Own Tax Revenue | â | â | â | Rs 1.35 lakh crore | Rs 1.5 lakh crore |
Columns showing "â" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Tamil Nadu State Budget 2024-25
The Tamil Nadu state budget is the annual financial plan presented in the state legislature. It covers all revenue receipts, expenditure allocations across departments, and fiscal deficit management. State budgets are critical because states handle key development areas including education, health, agriculture, and infrastructure.
Tamil Nadu Revenue Sources
State revenue comes from three sources: own tax revenue (state GST, stamp duty, excise, vehicle tax), non-tax revenue (fees, fines, interest), and transfers from the Centre (share of central taxes as per Finance Commission recommendations, plus grants-in-aid for specific schemes).
Fiscal Deficit and State Borrowing
Under the FRBM framework, states target a fiscal deficit of 3% of GSDP. States can borrow from the market via State Development Loans (SDLs), and the central government also provides loans. The RBI manages the borrowing calendar for states to ensure orderly market conditions.
Explore More
Compare Tamil Nadu with other states
Side-by-side comparison of fiscal metrics across Indian states