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Finance Minister Thangam Thennarasu connected Tuesday (February 17, 2026) said the outstanding indebtedness of the Tamil Nadu government, according to the Interim Budget Estimates for 2026-27, is expected to basal astatine ₹10.71 lakh crore.
In the Revised Estimates 2025-26, the outstanding indebtedness of the State is estimated to beryllium ₹9.52 lakh crore arsenic against ₹9.29 lakh crore successful the Budget Estimates 2025-26. However, this includes ₹9,523 crore, which should bespeak successful the accounts of the Union authorities aft the support of Chennai Metro Rail Phase-II task arsenic a Central Sector Project, Mr. Thennarasu said portion presenting the Interim Budget successful the Assembly.
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“Despite repeated requests, the indispensable publication accommodation entries person not been carried retired by the Union government, starring to an artificial summation successful our debt. Excluding this amount, the outstanding indebtedness has been estimated to beryllium ₹9.42 lakh crore successful the Revised Estimates and ₹10.62 crore successful the Interim Budget Estimates 2026-27,” helium said.
The State plans to get ₹1.79 lakh crore during 2026-27 and marque repayment of ₹60,413.42 crore. The debt-to-GSDP ratio is estimated to beryllium 26.12.
According to the Interim Budget Estimates, the Revenue Deficit for 2026-27 is estimated astatine ₹48,696.32 crore. It was ₹69,219 crore successful the Revised Estimates 2025-26 arsenic against ₹41,635 crore successful the Budget Estimates 2025-26. Mr. Thennarasu attributed the summation to factors including GST complaint cuts, withholding of funds nether Centrally Sponsored Schemes, summation successful expenditure for nonaccomplishment backing to TNPDCL. “Without these fiscal challenges created by the Union government, the Revenue Deficit successful the existent twelvemonth could person been contained successful enactment with the Budget Estimates,” helium contended.
The Fiscal Deficit successful the Interim Budget Estimates 2026-27 is estimated to beryllium ₹1.21 lakh crore. It was ₹1.24 lakh crore, arsenic per the Revised Estimates 2025-26. The Fiscal Deficit arsenic a percent of GSDP is estimated to trim from 3.48% successful the Revised Estimates 2025-26 to 3% successful the Interim Budget Estimates 2026-27. The Minister said this presumption could person been overmuch amended successful the existent fiscal twelvemonth had the Union authorities extended indispensable practice to the State.
