No new schemes or fiscal consolidation measures in the Budget, says Palaniswami
AIADMK leader Edappadi K. Palaniswami criticized the Tamil Nadu government's Revised Budget 2026-27 for lacking fiscal consolidation measures and new development schemes. He raised concerns over rising debt levels and questioned the status of previously planned pension schemes and school infrastructure initiatives.
Why it matters
The critique highlights ongoing political tensions regarding state fiscal management and the prioritization of public spending in Tamil Nadu.
AIADMK general secretary Edappadi K. Palaniswami on Tuesday said no effort was made towards fiscal consolidation and no new schemes were introduced in the Revised Budget 2026-27.
During the general discussion on the Revised Budget and Revised Agriculture Budget 2026-27 in the Assembly, Mr. Palaniswami said the White Paper on State Finances, recently released by the new government, highlighted the outstanding debt of ₹13.18 lakh crore, a historic high revenue deficit, and lower State’s Own Tax Revenue when compared to some other States, but the Budget did not have any concrete plans to augment financial resources and rectify the issues.
Finance Minister N. Marie Wilson said that the new government had brought ₹15,000 crore to the exchequer. However, this was not reflected in the revenue receipts, he further said.
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