Nagaland Chief Minister Neiphiu Rio presented a deficit budget of 2212.74 crore rupees for the financial year 2022-23.
Budget
Nagaland Chief Minister Neiphiu Rio presented a deficit budget of 2212.74 crore rupees for the financial year 2022-23. Rio who holds the finance portfolio put forth the budget proposals estimating the gross receipts at 23,389.80 crore rupees and gross expenditure at 24,239.50 crore rupees. The current year’s transaction for the year 2022-23 is estimated to result in a positive balance of 150.30 crore rupees. His government has also enhanced the allocation of State Share for Centrally Sponsored Scheme (CSS) for 2021-22 from 250 crore rupees to 276 crore rupees during 2022-23 to facilitate more access to CSS funds. The state will be introducing a new scheme called the Target Champion scheme for sportspersons. The power revenue is expected to cross 200 crore rupees for the first time.
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