7th Pay Commission: Big trouble! Salary hike for employees makes this government ring alarm
It has been revealed that the 7th pay commission based payouts have affected the state's finances so much so that it has led to a revenue deficit in 2017-18 that is higher than the one that was projected. This was revealed by Finance Secretary K Shanmugam. How big is the Tamil Nadu revenue deficit? Well, while the previous Budget had projected a revenue deficit of Rs 15,930 crore, the revised estimate number is Rs 18,370 crore, BusinessLine reported.
7th Pay Commission salary hikes for government servants have brought a big windfall for them and their families, but for the government, keeping up with the payments is proving to be a tough exercise. Image source: