CHENNAI: The revised Budget for the 2026-27 financial year, which will be the maiden Budget of the TVK-led government, will be presented in the Tamil Nadu Assembly on August 5, Speaker JCD Prabhakar announced on Tuesday (July 21).
In a statement, the Speaker said Finance Minister N Marie Wilson would present the Revised Budget at 10 am on August 5 in the Assembly. A day later, Minister Vinoth will present the Agriculture Budget on August 6, Prabhakar added.
During the previous DMK regime, an interim Budget for 2026-27 was presented by the then finance minister Thangam Thennarasu on February 18, just a little over two months ahead of the Assembly polls.
In that, the government had projected the State's revenue receipts at Rs 3.44 lakh crore, while revenue expenditure was estimated at Rs 3.93 lakh crore, resulting in a projected revenue deficit of Rs 48,697 crore.
However, after assuming office, the TVK-led coalition government released a White Paper on the State's finances, which disputed these numbers.
According to the White Paper, Tamil Nadu's total debt had risen to Rs 13.18 lakh crore. It said the interim Budget estimates would increase the revenue deficit from Rs 48,697 crore to Rs 90,500 crore, while the fiscal deficit was expected to rise from Rs 1.22 lakh crore to Rs 1.64 lakh crore.
That is, with the State's maximum borrowing capacity estimated at Rs 1.52 lakh crore, Tamil Nadu could face a financing gap of around Rs 11,600 crore, it said.
Against this backdrop, the TVK government's revised Budget, its maiden fiscal exercise, is expected to outline its fiscal strategy, expenditure priorities and policy initiatives for the remainder of the financial year.