Puducherry CM Rangasamy presents Rs 12,700 cr tax-free budget for UT

Puducherry Chief Minister N Rangasamy presented a tax-free budget involving allocation of Rs 12,700 crore for the fiscal 2024-2025 in the territorial Assembly on Friday.

He said the budget size of Puducherry has been fixed at Rs 12,700 crore.

Rangasamy, who holds the Finance portfolio, also stated that the Union Territory's own receipts have been estimated at Rs 6,914.66 crore while the Central assistance including State Disaster Relief fund has been estimated at Rs 3,268.98 crore. The Central road fund has been estimated at Rs 20 crore while allocation under Centrally-sponsored schemes has been estimated at Rs 430 crore.

During his 80-minute-long address, Rangasamy also said that he was extremely happy to present his fourth budget in the fifteenth legislative Assembly.

The Central government had conveyed its approval for the net borrowing ceiling to the extent of Rs 2,066.36 crore "to bridge our fiscal deficit," he said.

He said out of the budget estimate of Rs 12,700 crore, a su