Mizoram Chief Minister Zoramthanga presented in the assembly a zero-deficit and non-surplus annual budget for the financial year 2023-24 with a total outlay of Rs14,209.95 crore.

Budget

Mizoram Chief Minister Zoramthanga presented in the assembly a zero-deficit and non-surplus annual budget for the financial year 2023-24 with a total outlay of Rs14,209.95 crore. There was no proposal for levying new taxes or hiking the existing tax rates. The chief minister also tabled supplementary demands for the current fiscal (2022-2023) amounting to Rs3,265.69 crore. The total budget outlay was Rs14,008 crore in the last financial year. Of the total Rs14,209.95 crore budget, 21.90 percent (Rs3,141.19 crore) has been earmarked for capital expenditure and 78.10 percent (Rs11,068.76 crore) for revenue expenditure. Rs60 crore has been allocated to MLA Local Area Development Fund. The government also proposed to allocate Rs1.20 crore for higher and technical education for meeting the management requirements of various colleges in the state. State's Own Tax Revenue (SOTR) in the new fiscal is exto increase by 35.32 percent from the current fiscal and that of the State's Own Non-tax Revenue (SONTR) by Rs60.57 crore.


     

     

     

 

     


          ____________________________