Aizawl, February 26 – Mizoram Chief Minister Lalduhoma presented a budget of ₹17,469.91 crore for the 2026-27 fiscal year in the Assembly on Thursday, with a strong emphasis on social infrastructure, connectivity, and the agricultural sector.
The Chief Minister, who also holds the Finance portfolio, also presented supplementary demands for grants amounting to ₹3,724.25 crore for the current fiscal year.
He stated that the ruling Zoram People's Movement (ZPM) will continue to implement its flagship "Bana Kaih" (hand-holding) scheme aimed at improving the livelihoods of farmers. ₹350 crore has been allocated for this scheme, of which ₹150 crore is earmarked for the procurement of designated important crops.
The ZPM government came to power in December 2023, and this marks Lalduhoma's third budget presentation in the state Assembly.
Later, while addressing the media, the Chief Minister said that following an increase in Mizoram's share to 0.564 per cent under horizontal devolution, as recommended by the 16th Finance Commission, the state is expected to receive ₹8,608.08 crore as its share of central taxes and duties during 2026-27, an increase of ₹976.80 crore compared to the award of the 15th Finance Commission.
The budget estimates for 2026–27 project the Gross State Domestic Product (GSDP) at ₹43,817.09 crore. Revenue receipts are estimated at ₹14,994.31 crore, while capital receipts are pegged at ₹2,475.60 crore. The total Consolidated Fund (total of receipts) is projected at ₹17,469.91 crore, with gross expenditure estimated at ₹17,076.92 crore. Total receipts are expected to exceed total expenditure by ₹392.99 crore, which will be utilized to reduce public account liabilities, Lalduhoma said.
He stated that the major reason for the increase in the deficit is the Special Assistance to States for Capital Investment (SASCI), under which funds are treated as loans. These are interest-free and repayable after 50 years, and are exclusively for capital development projects.
Considering the favourable terms, the state government aims to maximize assistance under SASCI. During the current financial year, Mizoram expects to receive ₹1,519 crore under the scheme.
Regarding the 15th Finance Commission's grants to Rural Local Bodies (RLBs), the Chief Minister said that only the first installment for 2021-22 had been received earlier. The present government has taken proactive steps to secure the pending installments. Of the total outstanding amount of ₹25,350 lakh, a substantial portion has been received so far, while around ₹7,400 lakh is expected during the current financial year. Efforts are underway to ensure the full release of the remaining funds, he added.
