Meghalaya Chief Minister Conrad K. Sangma unveiled the State Budget for the fiscal year 2026–27, with a projected fiscal deficit of Rs 2,672 crore, equivalent to 3.5% of the Gross State Domestic Product (GSDP).
During the budget presentation in the state Assembly, Chief Minister Sangma, who also oversees the Finance department, highlighted the government’s success in maintaining the fiscal deficit within the permissible limit, showcasing a commitment to fiscal discipline while emphasizing development priorities.
The 2026–27 Budget’s focus is on bolstering Meghalaya’s economic framework, fostering inclusive growth, and directing investments towards crucial sectors like climate resilience, youth empowerment, gender equality, and sustainable development.
Chief Minister Sangma introduced a range of thematic budgets alongside the main Budget, emphasizing the state government’s dedication to outcome-driven and sector-specific planning.
The Climate Budget for 2026–27 has been set at Rs 5,572 crore, indicating a 2.8% rise from the previous financial year, showcasing the government’s sustained emphasis on climate initiatives, environmental sustainability, and resilience-building efforts, particularly given Meghalaya’s delicate ecology.
Allocated at Rs 4,824 crore, the Youth Budget for the upcoming fiscal year marks a substantial 45% increase from the previous year, aiming to expand educational, skill development, entrepreneurial, and employment opportunities for the state’s youth.
In a similar vein, the Gender Budget for 2026–27 stands at Rs 6,849 crore, reflecting a 10% surge from the previous year, underlining the state government’s dedication to women-centric programs, gender parity, and social empowerment.
Chief Minister Sangma reaffirmed the state government’s alignment with the Sustainable Development Goals (SDGs), emphasizing targeted investments to secure long-term, inclusive, and sustainable growth for Meghalaya.
