India News | AIADMK Weakened TN's Fiscal Position: Finance Minister

Chennai, Mar 24 (PTI) Tamil Nadu's fiscal position drastically weakened due to the administrative incompetence of the AIADMK regime, state Finance Minister Palanivel Thiaga Rajan claimed on Thursday and alleged the situation worsened post the death of late chief minister J Jayalalithaa.

Also Read | Gurugram: FIR Against 51 For Developing Illegal Colonies.

The slide was more after the death of Jayalalithaa and even before the pandemic the then AIADMK government had projected only a state revenue of Rs 800 crore, he claimed.

Also Read | Supreme Court Orders CBI Probe Into All Cases Lodged Against Param Bir Singh By Maharshtra Police.

"The administrative incompetence and wrong policies had weakened the fiscal position of the state further. AIADMK's deputy leader O Panneerselvam who criticised our Budget should have been here for the reply," Thiaga Rajan said while winding up the debate on Budget for the fiscal 2022-23 presented by him in the Assembly on March 18.

He claimed a fiscal path is being laid out by the DMK government to reduce the revenue deficit in a phased manner.

The Finance Minister informed that a detailed project report (DPR) for the phase I of the Metrorail project for Coimbatore has been readied and a public hearing would be held soon.

"The feasibility study for the Metrorail project for Madurai is apace and we hope to get the report by May," Thiaga Rajan added.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)