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Former Finance Minister and elder DMK person Thangam Thennarasu connected Wednesday (June 17, 2026) predicted that if the Tamilaga Vetri Kazhagam (TVK)-led authorities completed its five-year word and faced the adjacent Assembly election, the State’s indebtedness would interaction ₹20 lakh crore.
Reacting to the White Paper connected The Fiscal Management of Tamil Nadu released by the authorities connected Tuesday (June 16), which said the State’s indebtedness had doubled during the erstwhile DMK regime, helium challenged the TVK-led authorities and the Finance Department to bring down the mean yearly borrowing beneath the level recorded during the erstwhile five-year tenure.
Mr. Thennarasu said if the authorities implemented what the achromatic insubstantial had described arsenic the “good schemes of the DMK government”; fulfilled its predetermination promises; and achieved fiscal prudence done little yearly borrowing, helium would springiness up each positions (party and Assembly membership).
Read the While Paper connected The Fiscal Management of Tamil Nadu here.
“It is my situation to the government,” helium said portion speaking to reporters astatine Anna Arivalayam, the DMK office successful Chennai.
Welfare schemes
On the contented of involvement payments made by the Tamil Nadu authorities vis-à-vis the Gujarat government, Mr. Thennarasu said Gujarat was not implementing payment schemes specified arsenic the Magalir Urimai Thogai Scheme, zero summons autobus question for women, the Chief Minister’s Breakfast Scheme, the Pudhumai Penn Scheme, and pension benefits nether the aged pension strategy for authorities employees.
“Our shortage backing is precocious due to the fact that of payment schemes. There is an allegation that our shortage backing is precocious and superior expenditure is low. Can expenditure connected your promises, specified arsenic ₹2,500 fiscal assistance for women, 200 units of escaped electricity, six escaped LPG cylinders and fiscal assistance for the unemployed, beryllium classified arsenic superior expenditure? Did you not see these promises successful your manifesto? Will the Singappen Scheme beryllium treated arsenic superior expenditure? Will funds for the enlargement of the Breakfast Scheme travel nether superior expenditure?” helium asked.
Mr. Thennarasu alleged the authorities was seeking to discontinue projects specified arsenic the elevated road and the Parandur airdrome project, some of which had been categorised nether superior expenditure.
“You person besides issued directions to halt projects being implemented by the Public Works Department. It is unfair to accidental the DMK authorities did not springiness value to superior expenditure aft the TVK authorities itself has chosen to wantonness akin projects,” helium said.
‘Deficit higher during AIADMK regime’
Responding to different allegation successful the achromatic insubstantial that the gross shortage was structural and had remained precocious adjacent earlier the COVID-19 pandemic, Mr. Thennarasu said the shortage had been overmuch higher during the erstwhile AIADMK regime.
“It was ₹62,325 crore successful 2020-21. When the DMK authorities assumed office, it stood astatine ₹45,000 crore. The gross shortage ratio was 3.48% and was reduced to 1.47% successful 2024-25,” helium said, adding the achromatic insubstantial was soundless connected wherefore it had present accrued to ₹78,000 crore.
Mr. Thennarasu further alleged the achromatic insubstantial sought to blasted the DMK authorities for the gross deficit, but was not acceptable to blasted the Union government, which, according to him, had contributed to the increase.
