Here are the highlights of Tamil Nadu budget 2018

Tamil Nadu Deputy Chief Minister O Panneerselvam presented the 2018-19 budget in the state Assembly today. This is the first budget of the Tamil Nadu government after last year's merger of Chief Minister K Palaniswami and Deputy Chief Minister O Panneerselvam-led AIADMK camps. It is also the first budget of Tamil Nadu government, after implementation of the Goods and Services Tax.

Here are the budget speech highlights:

• Total revenue receipts, including Central transfers, are estimated at Rs.1,76,251 crore during 2018-19.
• The state's own tax revenue is estimated to be Rs.98,693 crore.
• During the period from July 2017 and February 2018, the State has received Rs.632 crore as GST compensation from the government of India, Mr. Panneerselvam informs Assembly.
• A sum of Rs.786 crore has been provided for State Disaster Response Fund for 2018-19.
• A comprehensive flood management plan for North Chennai and South Chennai has been prepared at an estimate of Rs.2,055 crore and submitted to Centre for support.
• The fiscal deficit to GSDP ratio is estimated at 2.79% as per the budget estimates 2018-19, which is well below the 3% fiscal norm.
• The revenue deficit is expected to be Rs.17,491 crore and the fiscal deficit is estimated to be Rs.44,481 crore in the budget estimates 2018-19.
• The revenue expenditure during 2018-19 is estimated at Rs.1,93,742 crore, which shows a growth of 11.22% over revised estimates 2017-18.
• It is estimated to increase to Rs.1,12,616 crore in the budget estimates for 2018-19.