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PTR said this long ago, TASMAC sales volume and reported revenue don't match Population & GDP: Tamil Nadu >>> Karnataka But Liquor revenue: Karnataka = ₹7,086 crore Tamil Nadu = ₹1,935 crore How is this even possible? So, our thousands of crores have been looted 😡

58,384 views • 1 month ago •via X (Twitter)

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Even by an accountant’s standards, it was a poor account of the management of the finances in 2025-26. Revenue receipts were short by Rs 78,086 crore, total expenditure was short by Rs 1,00,503 crore. Revenue expenditure was short by Rs 75,168 crore and capital expenditure was cut by Rs 1,44,376 crore (Centre Rs 25,335 crore and States Rs 1,19,041 crore). Not a word was said to explain this miserable performance. Actually, the Centre’s capital expenditure has fallen from 3.2 per cent of GDP in 2024-25 to 3.1 per cent in 2025-26. In revenue expenditure, the cuts have fallen in heads that concern the common people. Examples: ⦁ Rural Development: Rs 53,067 crore ⦁ Urban Development: Rs 39,573 crore ⦁ Social Welfare: Rs 9,999 crore ⦁ Agriculture: Rs 6,985 crore ⦁ Education: Rs 6,701 crore ⦁ Health: Rs 3,686 crore Funds have been cut in crucial sectors and programmes. Expenditure on the much-vaunted Jal Jeevan Mission was cruelly cut from Rs 67,000 crore to a paltry Rs 17,000 crore. (In 2026-27, it has been boosted to Rs 67,670 crore, but what credibility does the number have?) After the months-long exercise, the revised estimate of the fiscal deficit has adhered to the budget estimate of 4.4 per cent, and the projection for 2026-27 is that the fiscal deficit will fall by a meagre 0.1 per cent of GDP. The revenue deficit will remain at 1.5 per cent. It is certainly not a bold exercise in fiscal prudence and consolidation. The most serious criticism of the Budget speech is that the Finance Minister is not tired of adding to the number of schemes, programmes, missions, institutes, initiatives, funds, committees, hubs, etc. I counted at least 24. I leave it to your imagination how many of these will be forgotten and vanish by next year. : Former Finance Minister Shri P. Chidambaram

Congress

53,786 views • 6 months ago

Impact After Term | 03 : Reducing the Revenue Deficit While Expanding Welfare When the DMK Government assumed office in 2021, Tamil Nadu was confronting one of the gravest fiscal crises in its history amid the devastating second wave of COVID-19. The State inherited a revenue deficit of nearly ₹62,000 crore alongside severe economic distress. With the support and guidance of the then Chief Minister Thiru. M.K.Stalin, Dr. Dr P Thiaga Rajan (PTR), as Minister for Finance & Human Resources Management, pursued structural reforms and welfare expansion despite severe fiscal constraints. The White Paper on State Finances released in August 2021 exposed the scale of fiscal stress and laid the foundation for long-term reforms, including data-centric governance measures aimed at improving beneficiary targeting and reducing leakages. Even during this crisis, the Government implemented welfare measures on an unprecedented scale — ₹4,000 COVID relief assistance and grocery support for 2.1 crore ration cardholders at a total cost of ₹9,370 crore; nearly ₹9,000 crore towards crop, jewel, and SHG loan waivers; over ₹2,200 crore for free bus travel for women; ₹698 crore for Pudhumai Penn; and a ₹3 per litre reduction in petrol tax despite an annual revenue impact of ₹1,160 crore. Despite these large-scale welfare commitments, unprecedented and difficult fiscal reforms helped reduce the inherited annual revenue deficit by roughly half within two years — demonstrating that fiscal discipline and social welfare need not be pursued at the expense of one another. — Admin Team

Dr P Thiaga Rajan (PTR)

44,492 views • 2 months ago