Tamil Nadu's Mounting Debt: A Blame Game Erupts Between Political Giants
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- December 29, 2025
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EPS Accuses Both His Own Regime and Stalin's of Plunging TN into Staggering Debt
During a fiery election rally, AIADMK coordinator Edappadi K. Palaniswami made a significant claim: both his previous government and the current DMK administration under M.K. Stalin have collectively burdened Tamil Nadu with an unprecedented Rs 7.7 lakh crore in debt.
Picture this: a bustling election rally, charged with energy, and then, a bombshell dropped. Edappadi K. Palaniswami, the coordinator for AIADMK, didn't just point fingers; he made a rather startling claim – one that implicates not only the current DMK government but also, in part, his very own previous administration. His core message? Both regimes, he argued, have collectively plunged Tamil Nadu into an unprecedented, staggering debt.
Let's break it down, because the numbers he cited are truly eye-opening. According to Palaniswami, during the decade his AIADMK government was at the helm, the state's debt ballooned from what was already a significant Rs 2.63 lakh crore to a whopping Rs 5.7 lakh crore. That's a massive jump, illustrating a significant increase in financial commitments over ten years.
But he wasn't done there. Palaniswami then turned his sights squarely on the present. He alleged that the current DMK government, under the leadership of M.K. Stalin, has managed to tack on an additional Rs 2 lakh crore in just a little over two and a half years. This, he lamented, brings Tamil Nadu's total outstanding debt to a mind-boggling Rs 7.7 lakh crore. Think about that for a moment – it means, by his calculations, every single person in Tamil Nadu is now shouldering a per capita debt of Rs 1 lakh. It's a heavy burden, no doubt.
Interestingly, while acknowledging the debt growth during his tenure, EPS asserted that his government had at least worked diligently to develop Tamil Nadu. He painted a picture of progress under AIADMK. However, his assessment of Stalin's rule was far less charitable. He claimed the current Chief Minister had effectively 'ruined' the state, hinting at a lack of tangible development or responsible financial management.
The AIADMK coordinator didn't hold back, alleging that the DMK's primary focus has been on 'commission, collection, and corruption,' rather than genuine governance. And, you know, it's not just about the money. He also brought up those memorable promises Stalin made before coming to power – pledges to slash petrol and diesel prices, clear educational loans, and provide Rs 1000 to women heads of families. While some of these, like the women's aid, have seen partial implementation, EPS clearly felt many promises remain either broken or unaddressed, adding to public disillusionment.
Amidst this fierce political volley between state leaders, Palaniswami also made sure to weave in the national perspective. He highlighted the significant grants and support Tamil Nadu has received from Prime Minister Narendra Modi's central government, subtly positioning the AIADMK as being aligned with a productive national partnership, perhaps as a counterpoint to the state-level criticisms.
So, what's AIADMK's pitch to the electorate, given these dire financial warnings? Palaniswami outlined his party's commitment to seeing through pending development projects, boosting the agricultural sector, and even offering free skill development training to the youth. It's an attempt to present a proactive, solution-oriented vision against the backdrop of the current financial quagmire he described.
Ultimately, what we're witnessing is a high-stakes political debate, where the state's financial health has become a central battleground. As elections draw closer, these accusations and counter-accusations about Tamil Nadu's staggering debt will undoubtedly continue to dominate the discourse, pushing voters to scrutinize who they believe can truly steer the state towards fiscal responsibility and prosperity.
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