The Chief Minister of Nagaland, Mr. Neiphiu Rio, presented the Budget for the state for the financial year 2025-26 on March 6, 2025.
Budget Highlights
- The Gross State Domestic Product (GSDP) of Nagaland for 2025-26 (at current prices) is projected to be Rs 45,020 crore, amounting to a growth of 12% over 2024-25.
- Expenditure (excluding debt repayment) in 2025-26 is estimated to be Rs 20,096 crore, a decrease of 2% from the revised estimates of 2024-25. In addition, debt of Rs 4,603 crore will be repaid by the state.
- Receipts (excluding borrowings) for 2025-26 are estimated to be Rs 18,746 crore, an increase of 9% as compared to the revised estimate of 2024-25.
- Revenue surplus in 2025-26 is estimated to be 3.6% of GSDP (Rs 1,618 crore), as compared to a revenue surplus of 2.7% of GSDP (Rs 1,102 crore) at the revised estimate stage in 2024-25.
- Fiscal deficit for 2025-26 is targeted at 3% of GSDP (Rs 1,350 crore). In 2024-25, as per the revised estimates, fiscal deficit is expected to be 8.1% of GSDP, more than double the budgeted 3% of GSDP.
Policy Highlights
- Skilling and employment: Under the Nagaland Skill Mission, the government will train and provide employment to 5,000 young persons of the state in sectors such as hospitality, tourism, healthcare and logistics. To promote financial independence, young persons will be provided loans backed by government guarantees. Under the Nagaland Tourism, Hospitality, and Transport Scheme concessional loans will be given to entrepreneurs to set up 500 homestays and 200 tourist transport vehicles. The scheme has been allocated an outlay of five crore rupees. Rs 2.5 crore has also been allocated to the Drone Training and Logistics Programme, to skill young persons in drone operations.
- Chief Minister’s Fellowship Programme: The government has allocated Rs 2.5 crore towards this programme, to build a cadre of development professionals for Nagaland. Further, two crore rupees have been allocated for capacity development of public servants and officials of local bodies.
- Living Morung Initiative: The government has launched the Living Morung initiative to preserve the state’s culture, traditions, and knowledge system. Five crore rupees have been allocated for the initiative.
- Renewable energy: To encourage rooftop solar installations, the government has launched the Nagaland Solar Power Mission with an allocation of Rs 10 crore. Consumers will be given a state subsidy of Rs 20,000 per kW (up to a maximum of Rs 50,000).