Manipur Chief Minister N Biren Singh, who is also holds the finance portfolio, presented in the assembly the budget for 2023-24 with an expenditure proposal of Rs35,022 crore out of the consolidated fund of the state.

Budget

Manipur Chief Minister N Biren Singh, who is also holds the finance portfolio, presented in the assembly the budget for 2023-24 with an expenditure proposal of Rs35,022 crore out of the consolidated fund of the state. The budget proposals focus on education, health, sports and agriculture. The total Revenue Expenditure is estimated at Rs20,292 crore while the Capital outlay is estimated at Rs10,013 crore. In the Budget Estimate 2022-23, the total expenditure estimated was Rs34,930 crore. The total receipts are estimated at Rs34,131 crore, revenue receipts at Rs27,547 crore and capital receipts at Rs6,584 crore. Total estimates of the state's own tax and non-tax receipts are Rs3,200 crore and Rs400 crore respectively. The budget deficit is estimated at Rs891 crore, which is a reduction from last year's budget deficit of Rs1,230 crore. The fiscal deficit is estimated at Rs2,760 crore which is 6.1 percent of the GSDP. During 2023-24, the total outstanding debt as a percentage of GSDP is projected at 39.93 percent. The Gross State Domestic Product (GSDP) for 2023-24 is estimated at Rs45,145 crore. The government will continue its support to the Start Up Ecosystem in the state and Rs100 crore is being provided in this budget. To promote the state's indigenous games, work has started on an Indigenous Sports Complex' in Senapati district under the Scheme for Capital Investment with an allocation of Rs7.2 crore this year.


     

     

     

 

     


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