No.560/2020-2021

Chief Minister Pu Zoramthanga presented the annual budget for 2021-2022 yesterday (1.23.2021). Important salient features of the Budget Estimate are as follows:

A. Revised Estimate 2020-21 summary:

a) Gross State Domestic Product (at current price)

i.  BE 2020-21            Rs. 31240.56 crores

ii. RE 2020-21            Rs. 31653.99 crores

b) Revenue surplus/deficit

i.  BE 2020-21            Rs. 763.11 crores (2.44% of GSDP)

ii. RE 2020-21            Rs. (-)798.62 crores (2.52% of GSDP)

                     While Share of Taxes for Mizoram received Rs. 2782.93 crores from Share of Taxes against the estimated Rs. 3967.96 crores during 2020-21, resulting in Revenue Deficit.

c) Fiscal deficit

i.  BE 2020-21             Rs. (-)519.69 crores (2.14% of GSDP)

ii. RE 2020-21             Rs. (-)2175.79 crores (i.e. 6.87% of GSDP)

B. Budget Estimate 2021-22 summary:

a) Gross State Domestic Product (Estimate) - Rs. 37,974.55 crores

b) REVENUE RECEIPTS                                            - Rs. 9,795.80 cr

i. State’s Own Tax Revenues (SOTR)               - Rs. 719.56 cr

ii. State’s Own Non-Tax Revenues (SONTR) - Rs. 852.26 cr

iii. Devolution of Central Tax & Duties           - Rs. 3,327.82 cr

iv. Grants-in-Aid from Govt. of India               - Rs. 4,896.16 cr 

c) CAPITAL RECEIPTS                                              - Rs. 1,353.08 cr

i. Public Debt                                                           - Rs. 1,325.52 cr

ii. Loans & Advances (Recoveries)                   - Rs. 27.56 cr

Grand total of Receipts (Consolidated Fund) - Rs. 11,148.89 cr

d) EXPENDITURE (NET)                                     - Rs. 11,148.89 cr

i. Revenue Account                                           - Rs. 9,216.38 cr

ii. Capital Account                                             - Rs. 1,417.45 cr

iii. Public Debt                                                    - Rs. 514.46 cr

iv. Loans & Advances                                        - Rs. 0.60 cr

e) CHARGED EXPENDITURE                             - Rs. 964.57 crores

f) VOTED EXPENDITURE                                    - Rs. 10,366.32 cr

      (Including deduct recovery of Rs. 182.00 cr)

g) FISCAL PARAMETERS - 

i) Revenue Surplus                                            - Rs. 579.42 cr

        (i.e. 1.53% of projected GSDP Rs. 37974.55 crore)

ii) Gross Fiscal Deficit                                      - Rs.(-)811.06 crore

        (i.e. 2.14% of projected GSDP)

iii) Primary Deficit / Surplus                         - Rs. (-)427.12 cr

        (i.e. 1.12% of projected GSDP)

iv) Projected Liabilities                                   - Rs. 10491.20 cr

         (i.e. 27.63% of projected GSDP)

Budget Documents are available for downlaod at the Finance Department website finance.mizoram.gov.in