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Economy

Meghalaya's ₹32,023-cr Budget FY'27 Focuses on Fiscal Prudence and Growth Acceleration

Hindustan Times - IndiaPrelims · EconomyMains · GS3 Economy

Meghalaya CM Conrad Sangma presented a ₹32,023-crore budget for 2026-27 with no new taxes, maintaining fiscal deficit at 3.5% of GSDP while prioritizing capital expenditure and social sector investments under 'Vision 2032'.

  • Fiscal Deficit: Maintained at 3.5% of GSDP (₹76,320 crore), adhering to FRBM limits while allocating ₹10,211 crore for capital expenditure - crossing ₹10,000 crore mark for first time.
  • Revenue Structure: Projects ₹26,583 crore revenue receipts (₹4,720 crore state taxes + ₹21,229 crore Central transfers) and ₹5,417 crore capital receipts, with ₹5,379 crore borrowings.
  • Social Sector Focus: Allocated ₹127 crore for new 1,000-day child malnutrition mission and ₹244 crore for nutrition programs, connecting to GS2 governance and social justice topics.

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