In a sharp critique of the ruling Dravida Munnetra Kazhagam (DMK) government, PMK president Anbumani Ramadoss has leveled serious allegations of financial mismanagement, pointing to a massive gap between borrowed funds and actual infrastructure investment in Tamil Nadu.
The Core Allegation: A ₹2.2 Lakh Crore Question
Anbumani Ramadoss, in a statement issued on Thursday, presented a stark financial picture. He stated that the DMK government, which came to power in May 2021, has borrowed a substantial ₹3.86 lakh crore by the end of March 2025. However, the capital expenditure—funds spent on creating long-term assets like infrastructure—during this period amounted to only ₹1.66 lakh crore.
This discrepancy of over ₹2.2 lakh crore forms the crux of his accusation. Ramadoss asserted that this gap shatters the government's claims of borrowing exclusively for developmental purposes. "The hallmark of excellent financial management was to keep all revenue expenditures within revenue receipts and borrow only for capital expenditures," he remarked, questioning the fate of the unaccounted sum.
RBI Data as the Basis of the Claim
Significantly, the PMK leader emphasized that these figures are not his own concoction but are derived from official Reserve Bank of India (RBI) data. He pointed out that the same dataset which the DMK administration uses to boast about Tamil Nadu's impressive 15.9% growth rate also reveals this alleged fiscal distress.
"These figures are not prepared by me. The same Reserve Bank of India (RBI) data that DMK uses to boast of Tamil Nadu's 15.9% growth also reveals this misery of DMK," Anbumani stated, lending authoritative weight to his charges.
Political Repercussions and Electoral Warning
Going beyond a mere financial analysis, Ramadoss framed the issue as one of administrative incompetence with direct political consequences. He warned that the DMK would face a significant electoral backlash from the people of Tamil Nadu for its alleged failure to prudently manage the state's finances and invest borrowed funds into productive assets.
The accusation puts the spotlight squarely on the government's fiscal priorities and transparency, turning public debt into a potent political issue ahead of future elections. The DMK government is yet to issue an official response to these specific allegations regarding the utilization of borrowed funds.
