Aizawl (Mizoram) [India], March 5 (HBTV): Mizoram Chief Minister Lalduhoma on Tuesday presented a INR 15,198.76 crore state budget for 2025-26 in the state assembly. The budget aims to capitalize on India's rapid economic growth and align Mizoram’s development with the Viksit Bharat and Viksit Mizoram initiatives.
‘The government has initiated its flagship scheme, Mizoram Bana Kaih (Hand Holding), designed to foster sustainable development. For the fiscal year 2025-26, a total of INR 350 crore has been earmarked, reflecting a 75 percent increase from the current year's allocation of INR 200 crore. The government has allocated funds collected as Road Maintenance Cess to the Mizoram State Road Fund Board, increasing its usual allocation from INR 40 crore to INR 55 crore for 2025-26. Additionally, funds collected as Social Infrastructure and Service Cess, amounting to INR 15 crore, will be designated for the education, health, and social welfare sectors. INR 30 crore has been allocated under PWD for road improvements and maintenance, while INR 70 crore is set aside for project-based road and bridge upgrades. Under the Economic Services Sector, INR 500 crore is allocated for power purchase in 2025-26, representing a INR 100-crore increase from the current year. Meanwhile, INR 199.77 crore has been earmarked for power subsidies, reflecting a reduction of INR 11.46 crore compared to the current year,’ Lalduhoma said in his budget speech.
The Chief Minister stated that the Gross State Domestic Product (GSDP) for 2025-26 is estimated at INR 36,088.82 crore, an increase of INR 2,085.55 crore.
‘The state's own revenue for 2025-26 has been set realistically to avoid overstatement and is maintained at 20.20 percent of the total revenue receipt and 17.21 percent of the consolidated receipt of the state. The estimated state's own revenue for 2025-26 is INR 2,616.33 crore, reflecting a 7.45 percent increase over the current year's estimates. Major revenue sources include GST (43.95 percent), taxes on sales and trade (5.88 percent), power (32.29 percent), and water supply (3.09 percent). The government's revenue-enhancing initiatives are expected to generate a revenue surplus of INR 562.91 crore, accounting for 1.56 percent of GSDP. The fiscal deficit for 2025-26 is projected at INR 1,651.68 crore, which is 4.57 percent of GSDP,’ Lalduhoma said.
The estimated total revenue receipt for 2025-26 is INR 12,947.61 crore. ‘Total disbursement under revenue expenditure for 2025-26 is projected at INR 12,540.20 crore, a 4.88 percent increase from the current year's estimate of INR 11,957.04 crore, and accounts for 82.51 percent of the total expenditure for 2025-26. Salaries and wages constitute 30.54 percent of the total expenditure,’ he said.
The total fund earmarked for capital expenditure for 2025-26 is INR 2,658.56 crore, reflecting an 8.29 percent increase from INR 2,455.08 crore in 2024-25. Capital expenditure constitutes 17.49 percent of the gross total estimated expenditure.
‘The combined total of revenue and capital expenditure for 2025-26 is INR 15,198.76 crore. A total of INR 6,510.39 crore is allocated to the General Services sector, comprising INR 5,031.80 crore for the revenue section and INR 1,478.59 crore for the capital section. This represents 42.84 percent of the total estimated expenditure. Compared to the 2024-25 figure of INR 5,663.74 crore, the 2025-26 allocation marks a 14.95 percent increase,’ he said.
Lalduhoma further stated, ‘A total of INR 4,747.24 crore, constituting 31.23 percent of the total estimated expenditure for 2025-26, is allocated to the Social Services sector. Of this amount, INR 4,475.21 crore is designated for revenue expenditure, while INR 272.03 crore is earmarked for capital expenditure. This marks a 4.43 percent decrease from the current year’s allocation of INR 4,967.09 crore.’
‘A supplementary demand of INR 3,512.33 crore is required under the revised estimates for 2024-25. I, therefore, seek the approval of the House for the Supplementary Demands for Grant,’ the Chief Minister said.
(ANI)