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[update], 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$44 billion) against a projected revenue of ₹2.73 lakh crore (US$33 billion) with the fiscal deficit at ₹0.92 lakh crore (US$11 billion).[4]