February 26th, Aizawl: Addressing a press conference after the session, Chief Minister Lalduhoma highlighted a significant financial boost from the Centre. Thanks to the 16th Finance Commission raising the horizontal devolution rate, Mizoram's share of Central Taxes & Duties has risen to ₹8,608.08 crore, an increase of ₹976.80 crore compared to previous allocations.
The Chief Minister also addressed concerns regarding the state's Debt-GSDP ratio, which stands at 43.56%. He clarified that the rise in liabilities is largely due to the Special Assistance to States for Capital Investment (SASCI). He described this as "good debt" because it consists of 50-year interest-free loans utilized for development, with ₹1,519 crore expected under this head for the current fiscal year.
Additionally, the government reported success in recovering ₹253.50 crore in backlog grants for Rural Local Bodies (RLB) that had been stalled since 2021-22.
The budget estimates the Gross State Domestic Product (GSDP) at ₹43,817.09 crore, with a projected revenue surplus of ₹899.84 crore.
DD News Mizoram
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