EconomyGS-III· 1 min read
Tamil Nadu's Revised Budget 2026-27
Why in news?
Tamil Nadu's Finance Minister presented the revised budget for 2026-27, detailing expenditure and sectoral allocations, which has drawn both praise and criticism.
Key points
- Total outlay of ₹4,72,585 crores, a 7.6% increase from the previous fiscal.
- Education sector allocated 11.2%, with a criticism regarding reduced funding for higher education.
- A new 'Integrated Urban Development Mission' with an outlay of ₹2,117 crore was introduced.
- Revenue deficit projected at 1.37% of GSDP.
Background & context
Tamil Nadu's budget outlines the state government's financial plans for the upcoming fiscal year, reflecting its priorities in various sectors like education, rural development, and urban infrastructure.
★ Prelims fact capsule
The revenue deficit in the revised 2026-27 budget is pegged at 1.37% of GSDP.
✎ Mains relevance
GS Paper III: Economy (State Finances, Budgetary Allocation), Governance.