The Tamil Nadu BJP’s professional cell has released a whitepaper with details of what it calls a ‘financial crisis’ in Tamil Nadu under the incumbent DMK government, highlighting the State’s increasing revenue deficit and debt.
The report stated that Tamil Nadu’s revenue deficit of ₹69,129 crore as of FY26 stood at 1.94 per cent of Gross Domestic State Product (GSDP) and that the State’s outstanding debt reached ₹8.34 lakh crore by March 2024, projected to hit ₹10.71 lakh crore by March 2027.
It added that interest payments have surged from ₹36,215 crore in FY23 to ₹76,451 crore FY27. The government has also incurred hidden liabilities through PSUs such as TANGEDCO, which obscure the fiscal picture, the report said.
Titled ‘Tamil Nadu Government Financial Crisis,’ the whitepaper was released here on Saturday at a press conference by the party’s State in charge for the 2026 Tamil Nadu Assembly election and Union Minister of Commerce and Industry Piyush Goyal, who was joined by other senior BJP leaders from the State.
Speaking at the press conference, Goyal said that the DMK government and the CM’s family are using the State as an ATM machine instead of addressing the financial issues in the State.
“The Centre has given Tamil Nadu over ₹80,000 crore to the State in GST collections. They have to answer to the people where all this money has gone. This is one of the most irresponsible State governments in the country,” he said.
Published on April 4, 2026