CHENNAI: Tamil Nadu's Finance Minister P Thiaga Rajan presented the MK Stalin-led government's third budget for 2023-24 on Monday with a significant emphasis on education, infrastructure and healthcare sectors.
The Finance Minister also announced the much-expected Rs 1000 honorarium for 'eligible' women heads of households — a key poll promise of the DMK government — reiterated by Chief Minister Stalin in the run-up to the Erode bypoll last month. Terming it a "game changer" for women, Thiaga Rajan announced that the scheme will be implemented from September 15th, the birth anniversary of DMK founder C N Annadurai.
Several major announcements were part of the Budget including — the launch of the Kalaignar memorial multi super speciality hospital in Guindy, Rs 1000 crore infrastructure boost for North Chennai and Metro rail projects in Coimbatore and Madurai among others.
The Finance Minister also said reform initiatives have led to a reduction in revenue deficit from about Rs 62,000 crore to Rs 30,000 crore. This is notwithstanding the several "massive welfare schemes" that are being implemented during the last two years, he said.
Even as Thiaga Rajan began his address, lawmakers from the principal opposition party, AIADMK, led by Edappadi K Palaniswam attempted to raise issues and staged a walkout citing irregularities in Erode East by-election, leading to a temporary commotion in the House.
After the budget presentation, the Business Advisory Committee of the House will meet to decide about the duration of this session, the date of presentation of the Agriculture budget for 2023-24, and the discussion on the demands for grants for various departments. The Finance Minister will also be presenting the final supplementary estimates for the current financial year and the vote on account for part of the next financial year on March 28.
In the run-up to the preparation of the budget, CM Stalin also chaired the third meeting of the State Economic Advisory Council on Friday. Stalin recalled the schemes implemented during the past two years and sought the EAC's suggestions for new schemes. The EAC members Prof Esther Duflo, Dr Arvind Subramanian, Professor Jean Dreze and Dr S Narayan attended the meeting.
Scroll below for the highlights from the 2023-24 Budget
10,000 km of rural roads to be upgraded under Chief Minister Road Development Programme. Bus roads and link roads for a length of 5145 km will be taken up for upgradation at a cost of Rs. 2000 crore 2023-24. @xpresstn #TNBUDGET #2023-24
— B Anbuselvan (@anbuselvan_tnie) March 20, 2023
The 44 kms long #Adyar river is to be restored in phases, including cleaning, plugging sewage outfall, installation of sewage treatment plants and setting up parks, green spaces and open gyms under PPP at an estimated cost of Rs 1500 crores: PTR in #TNBudget 2023 @xpresstn
— Nirupama Viswanathan (@NirupamaViswa) March 20, 2023
TN govt announce "Tamil Nadu Coastal Restoration Mission" with @WorldBank assistance at an estimated cost of Rs 2,000 crore in next five years. @NewIndianXpress @supriyasahuias @CMOTamilnadu @ptrmadurai #TNBudget #Budget2023 pic.twitter.com/nDrLpcbkoi
— S V Krishna Chaitanya (@Krish_TNIE) March 20, 2023
TN Budget 2023-24: In order to promote
— T Muruganandham (@muruga_TNIE) March 20, 2023
economic development of SC/ST entrepreneurs, a
new scheme called Annal Ambedkar Business
Champions Scheme will be launched in the coming
financial year @xpresstn @NewIndianXpress
Kalaignar memorial multi-super speciality hospital being built at a cost of Rs.1,000 crore in Guindy will start functioning this year.
The state government's 'Makkalai Thedi Maruthuvam' scheme will be extended to workers in industries and the unorganised sector.
AIADMK MLAs led by the Leader of Opposition Edappadi K. Palaniswami stage a walkout citing irregularities in Erode East by-election and the issues faced by people.
TN Budget: Finance Minister PTR announces: Memorials for language stir martyrs Thalamuthu and Natarajan will be set up in Chennai; a mega Chozha Museum will be set up in Thanjavur @xpresstn @NewIndianXpress
— T Muruganandham (@muruga_TNIE) March 20, 2023
A grand museum will be set up in Thanjavur to celebrate the contribution of Cholas in architecture, sculpture and dance.
The expectations of farmers are wide-ranging, from a hike in procurement price for paddy and sugarcane as promised in the DMK election manifesto, to a pension scheme for farmers over 60 years of age, and the formation of an exclusive authority for producing and distributing fertilizers.
An exclusive report by TNIE's T Muruganandham and N Ramesh
Speaking about the agriculture industry, S Rethinavelu, President of the Agro Chamber, Madurai, said the state government should initiate schemes towards the promotion of millet cultivation, and the production and export of value-added products. Click here to read the report by TNIE's M S Thanaraj.
Chief Minister MK Stalin, in the Erode East bypoll campaign last month, had said that Rs 1,000 honorarium for woman heads of families every month will be announced in the state budget. Click here to read more on the DMK's poll promise.