Tamil Nadu Pays Rs 138 Interest Per Rs 100 Borrowed

The government of Tamil Nadu, a state in India, told everyone how it plans to spend money next year, and this plan is called the Budget.

The person in charge of the state's money is the Finance Minister, whose name is N. Marie Wilson.

The state borrows money, like someone taking a loan, to build things and to pay its bills.

But borrowing costs money too, because the state has to pay interest on the loan.

Right now, for every 100 rupees the state borrows to build, it pays 138 rupees in interest.

That is a lot, and the interest bill keeps growing bigger every year.

The good news is that the state's economy, which is the total money earned in the state, has grown almost as fast as the debt, so the debt is not becoming too heavy compared to the economy.

Some opposition leaders, like the AIADMK's Edappadi K. Palaniswami, say the government's plan to find new money is not clear enough.

The government says new taxes and better computer checks will bring in more money in the future.