Meghalaya CM Conrad Sangma presents deficit budget for 2019-2020

Guwahati, March 12, 2019:

Meghalaya Chief Minister Conrad K Sangma on Tuesday presented an Rs. 1,323 crore deficit budget for the year 2019-2020.

Presenting his second budget of the ruling National People’s Party (NPP) led-Meghalaya Democratic Alliance (MDA), Meghalaya Chief Minister Conrad Sangma estimated the state’s total receipts for 2019-20 at Rs 16,199 crore, of which the revenue receipts are estimated at Rs 14,438 crore and capital receipts at Rs 1,761 criteria.

The Meghalaya Chief Minister said that excluding borrowings, the total receipts are estimated to be Rs 14, 463 crores.

On the expenditure side, Sangma estimated the total expenditure at Rs 16, 202 crores during 2019-20, of which the revenue expenditure is estimated at Rs 13, 700 crores and capital expenditure at Rs 2,502 crores.

Conrad said that excluding repayment of loans of Rs 416 crore, the estimated total expenditure is Rs 15, 786 crores.

Sangma also said that the interest payment during 2019-20 is estimated at Rs 746 crore and pension payment at Rs 855 crore.