Tamil Nadu needs to combine pragmatism, political vision while working on its financial healthBy bringing out a White Paper on Tamil Nadu’s finances, the DMK government has made a good start to right the loss of fiscal discipline. With ballooning revenue and fiscal deficits, the State has become overreliant on debt, estimated to be ₹2,63,976 per family. The White Paper has cited a lack of proper governance as the reason behind most of the problems. After having blamed the previous government for the fiscal situation, the government, through the Budget, could have made a beginning in fiscal consolidation. Stalin’s re-assurance, in a recent interview to The Hindu, assumes significance — of not going back on electoral promises for welfare.

Source: The Hindu August 15, 2021 18:32 UTC