“The State government has recently levied an additional privilege fee on liquor manufacturers. This is expected to mobilise an additional annual revenue of up to Rs.1,000 crore to the exchequer,” he said in his budget speech.
TVK government presented the final budget for 2026-2027. The previous DMK government had presented its interim budget for 2026-2027, prior to the elections.
Government was also leveraging Information Technology through initiatives such as ‘Faceless Assessment’ under the Goods and Services Tax, ‘Faceless Registration’ in the Registration Department and end-to-end computerisation in monitoring mining activities, Wilson said.
These initiatives were together expected to generate additional revenue of approximately Rs. 15,000 crore for the Government that would enable the implementation of many welfare schemes successfully, he said.
Through the recently appointed expert committee on ‘Revenue Augmentation’, headed by former Deputy Chairperson of Union Planning Commission, Montek Singh Ahluwalia, along with five other members, the Government aimed to strengthen the State’s fiscal autonomy and generate the financial resources necessary to fulfil its socio-economic development commitments, the Minister added.