📈 TN debt to keep climbing, says Finance Secretary
Tamil Nadu's Finance Secretary stated that the state's debts will continue to increase annually. This was announced by M.A. Siddique in Chennai on August 5, 2026. Total receipts are projected at ₹3,50,766 crore against an expenditure of ₹4,72,585 crore, creating a revenue deficit of ₹55,775 crore. The government is mobilizing funds, with ₹2,000 crore already collected and efforts on liquor yielding ₹1,500 crore. Future revenue expectations include a 12% GST growth and VAT/Excise collections rising to ₹55,962 crore for 2026-27.