Zoramthanga tables Rs 11,148.9 cr Mizoram budget for 2021-22

AIZAWL:  Mizoram chief minister Zoramthanga presented the annual budget on Monday for the 2021-22 fiscal with an outlay of Rs.11,148.90 crore and there will be no proposal to levy new taxes or raise existing rates.

Zoramthanga also presented the supplementary demands for accord amounting to Rs.3,058.08 crore for 2020-21.

CM also said, revenue expenditure for 2021-22 is estimated at Rs.9,216.39 crore, which is 82.67 of the total budget.

The CM, who also holds the finance portfolio, said the state government is constantly taking measures to increase its revenue from all sectors.

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He said in spite of limited revenue resources, his government is aiming at maintaining a revenue surplus of Rs.579.42 crore in 2021-2022.

The state government also expects a Rs.5,267.82-crore grant from the 15th Finance Commission, and Rs.2,570.39 crore for implementation of Centrally Sponsored Schemes (CSS), Zoramthanga said.

The revenue targets will be achieved not by imposing fresh taxes but through more efficient tax collection, he said.