Nagaland chief minister Neiphiu Rio, who also holds the finance portfolio, presented a tax-free deficit budget of Rs1374.17 crore for the financial year 2023-2024 at the ongoing first session of the 14th NLA.

Budget

Nagaland chief minister Neiphiu Rio, who also holds the finance portfolio, presented a tax-free deficit budget of Rs1374.17 crore for the financial year 2023-2024 at the ongoing first session of the 14th NLA. The budget proposals estimating the gross receipts at Rs23,145.66 crore rupees and gross expenditure at Rs23,085.66 crore rupees. As a result, the closing accumulated deficit was reduced substantially from the estimated closing amount of Rs2,212.74 crore in budget estimates to Rs1334.17 in the revised estimates. Also due to the forced release of CSS backlog of Rs728 crore, the closing deficit for the year 2022-23 has been reduced by Rs878 crore from Rs2212.74 crore to Rs1334.17 crore.


     

     

     

 

     


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