The white paper on Tamil Nadu’s finances produced by the Tamilaga Vettri Kazhagam (TVK) government highlights an outstanding debt of Rs 13.18 lakh crore and poses a stark counter to the narrative of the deposed DMK government that the state has the strongest economy in the country.

Just weeks before the Assembly election, the DMK’s Finance Minister, Thangam Thennarasu, claimed a stupendous 16% growth in the Gross State Domestic Product (GSDP), touching Rs 31.19 lakh crore last year, and a $1 trillion economy in sight by 2030, all of it the product of robust fiscal management.

The C. Joseph Vijay government is now warning that the staggering accumulated inter-generational debt will have to be paid in the future by young people; the malaise itself is the result of a........

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