Tamil Nadu govt. releases white paper on State finances, targets DMK regime
As regards key metrics of State's Own Tax Revenue and Gross State Domestic Product, it stood at 5.45%, which was pretty low
The Tamil Nadu government, led by Finance Minister Marie Wilson, has released a white paper detailing the State's financial situation, criticizing the previous DMK regime under M.K. Stalin. The paper highlights a "direct" debt burden of ₹10 lakh crore and a revenue deficit of ₹78,324 crore, described as a "new high." Key metrics like State's Own Tax Revenue (SOTR) and Gross State Domestic Product (GSDP) are reported at a low 5.45%. The TVK government, led by C. Joseph Vijay, had pledged to release such a paper upon taking office.
The release of a white paper on Tamil Nadu's finances, criticizing the previous DMK regime, is a significant political move that aims to highlight fiscal challenges and justify the current government's policies.
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