The Department of Finance is one of the departments of Government of Tamil Nadu. It is responsible for managing the public finances and presenting the budget of the state government.
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Agency overview | |
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Jurisdiction | Tamil Nadu |
Headquarters | Chennai |
Minister responsible |
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Agency executive |
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Parent agency | Government of Tamil Nadu |
Website | Finance Department |
Objective
editThe department is responsible for managing the public finances of the state government.[1] It is responsible for the preparation of the state budget and presenting it to the Tamil Nadu Legislative Assembly every year.[2]
Sub-divisions
editThe following sub-departments are under the administrative control of the finance department.[2]
- Treasuries and accounts
- Local fund audit
- Small savings
- Government data center
- Co-operative audit
- Internal and statutory boards audit
- Pension
Finances
editAs of 2022[update], Tamil Nadu's GSDP was ₹23.65 lakh crore (US$280 billion), second highest amongst Indian states.[3] For the financial year 2023–24, the projected expenditure is ₹3.65 lakh crore (US$44 billion) against a projected revenue of ₹2.73 lakh crore (US$33 billion) with the fiscal deficit at ₹0.92 lakh crore (US$11 billion).[4]
See also
editReferences
edit- ^ Finance department, policy note 2023-24 (PDF) (Report). Government of Tamil Nadu. Retrieved 1 December 2023.
- ^ a b "Finance department". Government of Tamil Nadu. Retrieved 1 December 2023.
- ^ Budget 2023-24 (PDF) (Report). Government of Tamil Nadu. Retrieved 1 December 2023.
- ^ Tamil Nadu Budget analysis (Report). Government of Tamil Nadu. Retrieved 1 December 2023.