The Chief Minister of Sikkim, Mr. Prem Singh Tamang, presented the Budget for the state for the financial year 2025-26 on March 26, 2025.
Budget Highlights
- The Gross State Domestic Product (GSDP) of Sikkim for 2025-26 (at current prices) is projected to be Rs 57,000 crore, amounting to growth of 8% over the budgeted estimates of 2024-25 (Rs 52,555 crore).
- Expenditure (excluding debt repayment) in 2025-26 is estimated to be Rs 15,535 crore, an increase of 9% from the revised estimates of 2024-25 (Rs 14,265 crore). In addition, debt of Rs 661 crore will be repaid by the state.
- Receipts (excluding borrowings) for 2025-26 are estimated to be Rs 12,232 crore, an increase of 11% as compared to the revised estimates of 2024-25 (Rs 11,038 crore).
- Revenue surplus in 2025-26 is estimated to be Rs 1,203 crore (2.1% of GSDP), as compared to a revenue surplus of Rs 1,068 crore at the revised estimate stage in 2024-25.
- Fiscal deficit for 2025-26 is targeted at Rs 3,303 crore (5.8% of GSDP). In 2024-25, as per the revised estimates, fiscal deficit is expected to be Rs 3,226 crore (6.1% of GSDP).
Policy Highlights
- Golden Jubilee Integrated Cultural and Sports Village: The state government will establish a sports complex with modern infrastructure and coaching facilities across disciplines. The complex will also include residential facilities for coaches and athletes.
- Power to all households: Under the Sikkim Power Sector Development Project, the Sikkim government will provide 24*7 power to all households, industries, and commercial establishments in the state. Rs 1,608 crore has been allocated for this initiative. It aims to make the state renewable power ready.