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Borrowings by the TN govt were well within limits prescribed by the Finance Commission, state Finance Secretary S Krishnan said on Tuesday.
He also said that Tamil Nadu s share of taxes on petroleum products has fallen since the introduction of cess by the Centre.
Chennai: Borrowings by the Tamil Nadu government were well within limits prescribed by the Finance Commission, state Finance Secretary S Krishnan said on Tuesday.
Addressing the post-budget press conference, he also said Tamil Nadu s share of taxes on petroleum products has fallen since the introduction of cess by the Centre.
Amid Opposition criticism of the state s overall estimated debt of Rs 5.70 lakh crore with the government intending to borrow Rs 84,686 crore, the official said it was within the 15th Finance Commission limits, unlike some states which have raised more funds breaching the ceiling.