business 🏛️ CM determined to avoid heavy loans, Finance Minister states
Finance Minister Marie Wilson confirmed that Chief Minister C. Joseph Vijay is focused on limiting the state's borrowing. The minister addressed concerns over State's Own Tax Revenue (SOTR) dropping from ₹2,29,579 crore to ₹2,26,870 crore. Revenue augmentation measures could bring in an extra ₹15,000 crore beyond the projected ₹2.15 lakh crore. Funding continues for key schemes, including ₹12,643 crore for VB-G RAM G and ₹5,932 crore for farm loan waiver. The debt-to-GSDP ratio improved from 28% in 2025-26 to 27% in 2026-27. 💰