Suggested “Financial Bazooka” for the new TN CM to reduce Revenue Deficit Based on the 2026-27 interim budget projections and industry benchmarks for fiscal reforms, the streamlining of these sectors could provide a significant boost to the state treasury. However, while these measures can drastically reduce the revenue deficit, they are unlikely to wipe it out in a single fiscal year due to the sheer scale of the state's committed expenditures. Here is a breakdown of the expected impact: 1. Estimated Annual Revenue Gains Based on current fiscal data and the "leakage" typically associated with non-transparent systems, here is the projected additional annual revenue: Reform Area Estimated Additional Revenue (Annual) Rationale Mining Auctions ₹1,500 – ₹2,000 Crore Moving from a fixed-price/royalty model to competitive e-auctions (especially for sand and blue metal) historical...
