Why Has the Debt Burden of Tamil Nadu Govt Skyrocketed, For The Past 10 Years?

(News Source: https://tamil.oneindia.com/news/tamilnadu/tamil-nadu-debt-rs-3-55-lakh-crore/articlecontent-pf300542-314382.html)

The answer is indiscriminate spending on freebies.

Financial Year

Party in Power

TN Govt's Debt in Rs.

Interest Paid (per Annum) in Rs.

2001-2006

A D M K

Rs. 57,457 Crores

2006-2011

D M K

Rs. 1,01,439 Crores

2011-2012

A D M K

Rs. 1,14,470 Crores

Rs. 9,233.40 Crores

2012-2013

A D M K

Rs. 1,30,630 Crores

Rs. 10,835.84 Crores

2013-2014

A D M K

Rs. 1,52,810 Crores

Rs. 13,129.77 Crores

2014-2015

A D M K

Rs. 1,71,490 Crores

Rs. 15,890.18 Crores

2015-2016

A D M K

Rs. 2,11,483 Crores

Rs. 17,856.65 Crores

2016-2017

A D M K

Rs. 2,47,031 Crores

Rs. 19,999.45 Crores

2017-2018

A D M K

Rs. 3,14,366 Crores

Above Rs. 20,000 Crores

2018-2019

A D M K

Rs. 3,55,845 Crores

Planning to get loan of Rs. 40,000 Crores