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TVK Government’s White Paper Puts Tamil Nadu’s Debt at ₹13.18 Lakh Crore

Finance Minister N. Marie Wilson will present the report as the new administration details debt, revenue trends and wider fiscal challenges.

  • On Tuesday, the Tamilaga Vettri Kazhagam government unveiled a white paper on Tamil Nadu's finances, presenting a stark assessment and blaming the previous DMK administration led by former Chief Minister MK Stalin.
  • Fulfilling a campaign promise, Chief Minister Joseph Vijay initiated the report to provide transparency regarding the difficult fiscal situation inherited from the previous administration.
  • Finance Minister Marie Wilson reported the state's direct debt surged to nearly Rs 10 lakh crore, with the revenue deficit reaching a "new high, not seen so far" of Rs 78,324 crore.
  • For every rupee earned, nearly 22.8 paise covers interest obligations, while the debt-to-GSDP ratio of 28.3 per cent trails economic peers like Gujarat, Maharashtra, and Karnataka.
  • The TVK government plans to use these findings as a roadmap for fiscal reforms, which includes a recently announced crop loan waiver up to Rs 75,000 for farmers.
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ABP News broke the news in India on Tuesday, June 16, 2026.
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