The Chief Minister of Mizoram, Pu Lalduhoma, presented the Budget for the state for the financial year 2025-26 on March 04, 2025.
Budget Highlights
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The Gross State Domestic Product (GSDP) of Mizoram for 2025-26 (at current prices) is projected to be Rs 36,089 crore, amounting to growth of 6% over 2024-25.
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Expenditure (excluding debt repayment) in 2025-26 is estimated to be Rs 14,624 crore, a decrease of 8% from the revised estimates of 2024-25. In addition, debt of Rs 419 crore will be repaid by the state.
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Receipts (excluding borrowings) for 2025-26 are estimated to be Rs 12,973 crore, a decrease of 3% to the revised estimates of 2024-25.
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Revenue surplus in 2025-26 is estimated to be 1.6% of GSDP (Rs 563 crore), as compared to a revenue deficit of 0.1% of GSDP (Rs 39 crore) at the revised estimate stage in 2024-25.
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Fiscal deficit for 2025-26 is targeted at 4.6% of GSDP (Rs 1,652 crore). In 2024-25, as per the revised estimates, fiscal deficit is expected to be 7.6% of GSDP, higher than the budgeted 2.8% of GSDP.
Policy Highlights
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Hand-holding policy (Bana Kaih): The policy provides financial assistance to people engaged in agriculture and industry. Rs 350 crore has been allocated under this scheme for 2025-26.
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Agricultural subsidies: Mizoram Agriculture Marketing Board has been allocated Rs 110 crore for 2025-26. This fund will be utilised to guarantee a minimum support price for crops such as broom grass, ginger, turmeric, Mizo chillies, and locally grown paddy.
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Healthcare: Government will introduce a universal healthcare scheme from April to provide health insurance of up to five lakh rupees cover per year to beneficiaries.
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Improved Taxation: The Taxation Department will undergo modernisation with new staff recruitments, to help enhance tax revenue.
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