Department of Finance (Tamil Nadu)

Department of Finance (Tamil Nadu)
Agency overview
JurisdictionTamil Nadu
HeadquartersChennai
Minister responsible
Agency executive
  • T. Udhayachandran, IAS, Principal Secretary, Finance
Parent agencyGovernment of Tamil Nadu
WebsiteFinance Department

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.

Objective

The 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

The 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

As of 2022, 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$43 billion) against a projected revenue of ₹2.73 lakh crore (US$32 billion) with the fiscal deficit at ₹0.92 lakh crore (US$11 billion).[4]

See also

References

  1. ^ Finance department, policy note 2023-24 (PDF) (Report). Government of Tamil Nadu. Retrieved 1 December 2023.
  2. ^ a b "Finance department". Government of Tamil Nadu. Retrieved 1 December 2023.
  3. ^ Budget 2023-24 (PDF) (Report). Government of Tamil Nadu. Retrieved 1 December 2023.
  4. ^ Tamil Nadu Budget analysis (Report). Government of Tamil Nadu. Retrieved 1 December 2023.
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