The interim budget in February ahead of the May assembly election showed that Tamil Nadu faced a revenue deficit of Rs.9,154.78 crore. While total revenue receipts were estimated at Rs.1,52,004.23 crore, total revenue expenditure was pegged at Rs.1,61,159.01 crore. Chennai: Large revenue and fiscal deficits that the Tamil Nadu government earlier this year blamed on poor tax collection and welfare spending will be back in focus on Thursday, when finance minister O. Panneerselvam presents the state budget for 2016-17. Also, the government is expected to present a roadmap for establishing a Lokayukta in Tamil Nadu, once the proposed amendments to the Lokpal Act are made by Parliament. Revenue from liquor sales across the state for fiscal 2015 stood at Rs.26,188 crore.

Source: Mint July 21, 2016 08:55 UTC