PMK releases ‘Shadow Economic Survey’ for second year in a row
The PMK party released a 'Shadow Economic Survey' for Tamil Nadu, highlighting a shortfall in tax revenue and rising debt. The report criticizes the government's fiscal management and suggests measures to improve economic growth.
Why it matters
Economic critiques from opposition parties provide alternative perspectives on state fiscal health and policy effectiveness.
Ahead of its Shadow Budget presentation on Monday, the Pattali Makkal Katchi (PMK) on Sunday unveiled its ‘Shadow Economic Survey’ for the second consecutive year.
According to the report, against the projected State’s Own Tax Revenue (SOTR) of ₹2,20,895 crore, only ₹1,92,493.07 crore was mobilised, recording a shortfall of 13%. None of the major components of the SOTR, including the Goods and Services Tax (GST), stamp duty and registration charges, and motor vehicle tax, met their targets.
Although Tamil Nadu’s economy grew by 10.83% in 2024-25, the report said the higher growth did not translate into higher revenue for the exchequer. The State’s non-tax revenue for 2025-26 was 29.10%, lower than the previous year and 17.31% below the Budget estimate, the report said. The State also received a lower-than-expected share of Central taxes and grants-in-aid, it said.
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