TN fiscal position 'unsustainable', says White Paper on State Finances

Lack of political, administrative will of AIADMK led to this situation, says Finance Minister Palanivel Thiaga Rajan

Tamil Nadu’s fiscal position is in an “unsustainable” situation and the State’s revenue deficit situation since 2013-14 “has become truly alarming”, Tamil Nadu Finance Minister Palanivel Thiaga Rajan, said. The Finance Minister said profound structural reforms were required and a business as usual approach cannot continue. The Finance Minister released a White Paper on Tamil Nadu Government’s Finances to enable elected members to the Assembly and the citizens of the State to understand the true picture of the State’s financial position. "These problems can be corrected. This is an opportunity to effect "once in a generation" reforms," he said.