The ₹1,970 crore budget is around 2.96% of the projected ₹66,645 crore GSDP, in line with the targeted $10 billion economy by 2028.
According to the budget document, the total receipts for 2025-26 are estimated at ₹30,415 crore, of which revenue receipts are ₹25.591 crore and capital receipts ₹14,324 crore. Excluding borrowings of ₹24,788 crore, the total receipts are estimated to be ₹
2,25,627 crore.
Estimating the total expenditure to be ₹30,003 crore, Sangma said the revenue expenditure is estimated to be ₹20,556 crore and capital expenditure at ₹9,447 crore. Excluding repayment of loans of ₹2,406 crore, the estimated total expenditure is ₹27,597 crore.
The interest payment for the current fiscal is estimated at ₹1,347 crore and pension payments at ₹1,824 crore, he said.
”I am, therefore, presenting the budget for 2015-26 with a fiscal deficit of ₹1,970 crore, which is around 2.96% of the GSDP. I am delighted to highlight that the fiscal deficit has been maintained below the permissible limit of 3.5%,” the CM said, tabling the budget.
Sangma announced a ₹6,000 scholarship for all post-matric students which would over 80,000 youths from the next financial year.
He also informed the House that the size of the climate budget is ₹5,421 crore, an increase of 20% over 2024-25, youth budget stands at ₹3,329 crore, an increase of 16.6%; gender budget stands at ₹6,219 crore, an increase of 25%.
Noting that the Union Ministry of Statistics and Programme Implementation approved GSDP for 2023-24 is ₹53,057 Crore, the chief minister said the projected GSDP for 2025-26 is ₹66,645 crore.
”The annual growth rate for the period 2023-26 stands at 12.7% and we are certain to achieve our target for 2028 ($10 billion economy),” he said.
The chief minister also said that the state’s own tax revenue has surged significantly to ₹4,041 crore this current year, marking almost a 3-fold increase from ₹1,450 crore in 2017-18.
