Shillong: Meghalaya Chief Minister Conrad K Sangma, also the Finance Minister, on Wednesday presented the Budget for 2021-22 with a fiscal deficit of Rs 1,570 crore, which is around 4.07 per cent of the Gross State Domestic Product (GSDP).
Sangma said that for 2021-22, an estimate for the total receipts at Rs 17,509 crore, of which the revenue receipts are estimated at Rs 15,232 crore and capital receipts at Rs 2,277 crore.
Excluding borrowings of Rs 2,247 crore, the total receipts are estimated to be Rs 15,262 crore.
On the expenditure side, the total expenditure is estimated at Rs 17,603 crore of which the revenue expenditure is estimated at Rs 13,956 crores and capital expenditure at Rs 3,647 crore. Excluding repayment of loans of Rs 771 crore, the estimated total expenditure is Rs 16,832 crores.
The interest payments for 2021-22 is estimated at Rs 1,047 crores and pension payments at Rs 1,303 crore.
Significantly, the chief minister in his Budget speech highlighted the Meghalaya Democratic Alliance (MDA) government’s commitment to work in the same momentum in the next year as the state move towards the 50th anniversary of Statehood.
Sangma allocated Rs 20 crore towards organising all events related to the 50th anniversary of Statehood. A total of Rs 2,579 crore and Rs 694 crore for tax and non-tax revenue collection respectively has been estimated for 2021-22.
Under human capital development, Rs 20 crore for the implementation of the early childhood development mission has been allocated.
For the health sector, Rs 820 crore has been allocated which is an increase of 13% over 2020-21.
For the education sector, Rs 980 crore has been allocated, out of which Rs 453 crore is from state resources.
The allocation of the water supply sector has been doubled to Rs 802 crore.
For sports and youth affairs, Rs 200 crore have been allocated for the next financial year while Rs 100 crore has been allocated for the tourism sector.
An amount of Rs 27 crore has been allocated for the completion of the iconic Shillong International Centre for Performing Arts and Culture.
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