Tamil Nadu’s financial situation shows gradual improvement
▪ The proportion of capital expenditure to total expenditure is moving up to 13% after it went down to 10.4% in 2017-18.
▪ Capital expenditure share in net public debt/borrowings is also rising.
▪ Fifteen years ago, 86% of public debt funded CapEx; it declined to 44% in 2021-22 but is expected to reach 55% next year.
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