Mizoram Chief Minister Lalduhoma unveiled a budget of Rs 17,469.91 crore for the fiscal year 2026-27, focusing on social infrastructure, connectivity, and agriculture. Additionally, he introduced supplementary grants totaling Rs 3,724.25 crore for the ongoing fiscal period. The Zoram People’s Movement (ZPM) government, in power since December 2023, will uphold the Bana Kaih scheme to enhance farmers’ livelihoods with an allocated budget of Rs 350 crore.
The budget anticipates Mizoram’s share of Central taxes and duties to rise to Rs 8,608.08 crore in 2026-27, following an increase to 0.564% under horizontal devolution as per the 16th Finance Commission’s recommendations. Lalduhoma’s budget projections for 2026-27 indicate a Gross State Domestic Product (GSDP) of Rs 43,817.09 crore, with revenue receipts at Rs 14,994.31 crore and capital receipts at Rs 2,475.60 crore. The state aims to utilize the surplus of Rs 392.99 crore to reduce public account liabilities.
The deficit increase is attributed to the Special Assistance to States for Capital Investment (SASCI), where funds are considered interest-free loans repayable after 50 years, solely for capital development projects. Mizoram is set to receive Rs 1,519 crore under SASCI this fiscal year, leveraging the favorable terms. Lalduhoma highlighted efforts to secure pending instalments of the 15th Finance Commission’s Rural Local Bodies grants, with significant portions received and the remainder expected soon.
