Meghalaya CM tables Rs 1,849-crore deficit budget, no extra taxes proposed
Zee News
The chief minister said the total expenditure is expected to be Rs 18,881 crore, a Rs 1,278-crore rise in comparison to the current fiscal's figures.
New Delhi: Meghalaya Chief Minister Conrad K Sangma on Wednesday tabled a Rs 1,849-crore deficit budget in the assembly for the fiscal 2022-23, proposing no additional taxes and featuring a separate section on funding for sustainable development goals.
Sangma also announced that the state government has made 'fundamental changes' in the budgeting system, doing away with the plan and non-plan estimates in line with the Centre's practices.
He said the government has estimated a total receipt of Rs 18,700 crore, which includes borrowings of Rs 2,632 crore.
The chief minister, who also holds the finance portfolio, said the total expenditure is expected to be Rs 18,881 crore, a Rs 1,278-crore rise in comparison to the current fiscal's figures.
The estimated Gross State Domestic Product for 2022-23 is pegged at Rs 41,010 crore, ‘given the positive outlook of the economy.’
