Tamil Nadu Finance Minister Thangam Thennarasu presented a supplementary budget of ₹3,531.05 crore for the current financial year in the Legislative Assembly.While tabling the budget, the minister detailed various allocations. As per the guidelines for power sector reforms, the government has approved an additional financial compensation subsidy of ₹1,634.86 crore. Of this, ₹1,500 crore has been included under the energy department in the supplementary estimates. The remaining amount will be managed through reallocations from savings in subsidies.
To settle retirement and voluntary retirement benefits for former employees of the Tamil Nadu State Transport Corporations, the government has sanctioned ₹372.06 crore for the Tamil Nadu Transport Development Finance Corporation.
The allocation for unforeseen expenditures has been increased from ₹150 crore to ₹500 crore. To accommodate this, ₹350 crore has been allocated in the supplementary budget.
Further, the government has approved ₹70 crore as subsidies for dairy producers under the Tamil Nadu Cooperative Milk Producers Federation to provide incentives.
The supplementary budget reflects the government’s continued efforts to support various sectors, including power, transportation, and dairy, while addressing critical financial requirements.