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Tamil Nadu’s outstanding liabilities 2024
December 19 , 2024
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- Tamil Nadu’s outstanding liabilities from open market borrowings had stood at ₹6,00,993 crore as on March 31, 2024.
- The State’s overall outstanding liabilities stood at ₹8,34,544 crore at the end of March 31, 2024.
- As of March 31, 2023, the overall outstanding liabilities for Tamil Nadu was ₹7,41,498 crore.
- The State’s liability on account of interest would be ₹28,263.67 crore.
- The liability towards principal amount of market loan would be ₹3,75,951.97 crore over the next 10 years (from 2023-24).
- According to the State budget for 2024-25, the Tamil Nadu government plans to borrow a total of ₹1,55,584.48 crore during 2024-25, and repay ₹49,638.82 crore.
- As a result, the outstanding debt, as on March 31, 2025, will be ₹8,33,361.80 crore.
- This constitutes 26.41% of the Gross State Domestic Product (GSDP) in 2024-25.
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