TN to release White Paper on Finances today

Chennai: Tamilnadu Finance Minister PTR Palanivel Thiagarajan will today release a 120-page white paper on the State’s finances.

The white paper will be released ahead of the presentation of Tamilnadu’s revised budget for 2021-2022, scheduled on 13 August.

While the budget will be an e-budget or paperless budget for the first time in the history of the state, the white paper is believed to be a prelude to the budget, pointing out the ‘precarious’ financial situation of the State, sources said.

Soon after DMK came to power in May, the Finance Minister had said he would bring out a white paper.

The white paper will include the State’s liabilities and the reasons for loss of revenue in various sectors. The white paper is primarily aimed at discussing the financial position of the state including its liabilities during the previous 10 years of the AIADMK government.

According to reports, the document will primarily feature the loss of revenue of the Tamilnadu Electricity Board (TNEB).