Central taxes as a proportion of total revenue receipts have reduced significantly: Tamil Nadu Finance Minister
Tamil Nadu Finance Minister Thangam Thennarasu highlighted the significant reduction in central transfers from the Union Government during the state budget presentation for 2025-26. This reduction has strained state finances, with funds being withheld and minimal releases for disaster relief. Despite this, the state government is increasing its own revenues and allocating funds for development projects.
Tamil Nadu Finance Minister Thangam Thennarasu highlighted the significant reduction in central transfers from the Union Government during the state budget presentation for 2025-26. This reduction has strained state finances, with funds being withheld and minimal releases for disaster relief. Despite this, the state government is increasing its own revenues and allocating funds for development projects.
