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Tamil Nadu budget: Ahead of TVK’s maiden budget, a primer on Tamil Nadu’s finances

Tamil Nadu Governor Rajendra Vishwanath Arlekar, giving away a flower bouquet to the newly sworn in minister RK Nagar Assembly Constituency N.Marie Wilson, MLA (Minister for Finance, Planning and Development) in the presence of Chief Minister C Joseph Vijay during the swearing-in ceremony of the new cabinet ministers at the Lok Bhavan in Chennai on Thursday

Tamil Nadu Governor Rajendra Vishwanath Arlekar, giving away a flower bouquet to the newly sworn in minister RK Nagar Assembly Constituency N.Marie Wilson, MLA (Minister for Finance, Planning and Development) in the presence of Chief Minister C Joseph Vijay during the swearing-in ceremony of the new cabinet ministers at the Lok Bhavan in Chennai on Thursday
| Photo Credit: JOTHI RAMALINGAM B

Tamil Nadu Finance Minister N. Marie Wilson will be presenting the budget, the first for him and his party — Tamilaga Vettri Kazhagam (TVK) — on Wednesday. The budget will be the first litmus test of whether Chief Minister C. Joseph Vijay’s government can deliver on the big-ticket welfare measures he promised before the elections while ensuring that Tamil Nadu stays on its growth trajectory.

In an acknowledgement that all the promises could not be delivered quickly, Mr. Vijay, in his speech soon after being sworn in as the CM, sought some time by claiming that the previous DMK government had “emptied the treasury”. Moreover, the government also released a white paper on the State’s finances, which blamed the DMK for increased borrowings and failure to widen the State’s own revenue base.

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