Revised TN budget on July 21

CHENNAI: Revised Tamil Nadu budget for 2016-17 will be presented in the Assembly on July 21. In the interim budget presented before the Assembly elections, the revenue deficit was put at £915.4 million and the fiscal deficit at £3.67 billion. Although the Opposition will most likely raise the issue of huge deficit, the State government will staunchly argue that the region's finances are still under control, claiming that it has adhered to the norms under fiscal indicators, including that of outstanding loans for the past five years. The session will be a bumpy with the ruling AIADMK facing a strong opposition from the DMK.