Outstanding Debt to GSDP ratio of T.N. projected at 26.07% in 2025-26: Thangam Thennarasu
The Hindu
Tamil Nadu Finance Minister presents MTFP with borrowing and repayment plans, highlighting state's economic growth and investments.
Tamil Nadu Finance Minister Thangam Thennarasu on Friday (March 14, 2025) presented the Medium Term Fiscal Plan (MTFP) which stated the State government has planned to borrow ₹1,62,096.76 crore during 2025-26 and make repayment of ₹ 55,844.53 crore. The Outstanding Debt as a percentage of Gross State Domestic Product (GSDP) will be 26.07, as per the Budget Estimates 2025-26.
Mr. Thennarasu said Tamil Nadu remains a key growth engine, driven by a robust manufacturing base, rapid expansion in the services sector, and sustained public and private investments. The State has emerged as a leader in electronics and electric vehicle (EV) manufacturing, attracting major investments.
The electronics exports rose from $1.66 billion in 2021-22 to $5.37 billion in 2023-24 and projected to surpass $12 billion in 2024-25.
In Budget Estimates 2025-26, the Total Revenue Expenditure is estimated at ₹3,73,204 crore, while the Total Revenue Receipts are projected at ₹ 3,31,569 crore. A total of ₹ 57,231 crore has been allocated for Capital Expenditure. As per the Revised Estimates 2024-25, the fiscal deficit as a percentage of GSDP is 3.26% and it is estimated at 3% of GSDP, as per the Budget Estimates 2025-26.
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