Tamil Nadu's Debt Burden Doubles to ₹1.1 Lakh Crore: White Paper Reveals Shocking Figures

Every child born in Tamil Nadu is burdened with a debt of ₹1.28 lakh at birth. The total debt burden on the state has risen to nearly ₹1.1 lakh crore. Chief Minister Vijay's new government on Tuesday released a white paper on the state's finances. The report, released by Finance Minister Ann Marie Wilson, states that the debt burden on the state almost doubled during the five-year tenure of the previous MK Stalin government. According to this white paper, Vijay's government's first major decisions after taking over as chief minister include this report. It states that Tamil Nadu's direct debt was about ₹4.8 lakh crore five years ago, which has now risen to nearly ₹10 lakh crore. If off-budget borrowings, guarantees, and other financial liabilities are also added, the state's total debt burden is ₹1.1 lakh crore. Your question may come up now.