business 🏛️ TN budget balances welfare with fiscal caution
The debut budget of the TVK-led coalition government was presented by Finance Minister N. Marie Wilson in Chennai on Wednesday, August 5, 2026. The government estimates the state's outstanding debt at ₹10.98 lakh crore with a debt-to-GSDP ratio of 27.01%. Key initiatives include the 'Singappengal Valimaippaduthum Thittam' and ₹812 crore for the 'Annan's Seer' scheme. Major allocations were given to School Education (₹44,527 crore) and Rural Development (₹39,609 crore). The government also proposed establishing 'Arivagam', India's first AI and Innovation City.