Former Tamil Nadu finance minister and DMK leader Thangam Thennarasu questioned chief minister C Joseph Vijay’s TVK government over its claim of lowering debt as he accused it of deliberately stalling development works. He alleged that contractor payments are being withheld to falsely project a reduced debt burden as a financial achievement.
Thennarasu questioned the government, which came in power in April this year, over its silence on underlying economic realities. “But shouldn’t they disclose how this debt requirement decreased? He raised several questions and demanded to know what the exact capital expenditure incurred by the TVK government was from April to September. “Tenders worth tens of thousands of crores of rupees have been cancelled.
He made the remarks in response to reports that Tamil Nadu’s borrowing through government bonds fell by 21% in the first half of the current fiscal year compared to the corresponding period last year. As he made contrast between with the previous DMK government’s performance, Thennarasu highlighted allocation figures from the 2025–26 budget. “Under the DMK governance, ₹ 57,231 crore was allocated for capital expenditures. ₹ 13,002.22 crore was spent effectively between April and September 2025 on key infrastructure projects, including the Metro Rail,” he noted, according to provisional monthly accounts of the CAG. Earlier reporting noted: Responding to reports that the state’s borrowing through government bonds fell by 21 per cent in the first half of the current fiscal year compared to the corresponding period last year, he questioned the Chief Minister C Joseph Vijay-led TVK government’s silence on underlying economic realities.
Because the TVK government is ‘struggling to undertake capital expenditure’ amid revenue collections that remain below the estimates projected in its budget, he alleged that the decline in borrowings is. Roads are in poor condition due to the lack of development works, construction projects remain incomplete, and thousands of people have lost their jobs,” he said.
He said the TVK government is trying to present lower borrowing as a ‘massive achievement’. They must release full details of the capital expenditure and developmental works undertaken in this first half,” Thennarasu said in a post on X. Earlier reporting noted: “The TVK government is trying to present lower borrowing as a massive achievement,” Thennarasu stated.
Earlier reporting noted: DMK leader Thangam Thennarasu lashes out at TN govt over debt claims Chennai, DMK leader and former Finance Minister Thangam Thennarasu on Tuesday accused the TVK government of deliberately stalling development works and withholding contractor payments to falsely project a reduced debt burden as a financial achievement.
