Tamil Nadu Finance Minister Palanivel Thiagarajan on Friday said his first objective is to present a White Paper on the status of the State’s finances.
“The amount of information given to me as an MLA [in Opposition] is not adequate. Moreover, the people of the State have the right to know it,” Mr. Thiagarajan told The Hindu .
He pointed out that the recent revised estimate presented by the AIADMK government for the fiscal year 2020-2021 stated that public debt, which stood at a little over ₹1 lakh crore in 2011, had increased to ₹4.84 lakh crore in 2021.
Mr. Thiagarajan said that the cumulative fiscal deficit of the last 10 years exceeded the explainable ₹3.84 lakh crore of incremental debt.
