Mizoram CM presents FY22 budget with over Rs 11,000-cr outlay

Mizoram CM presents FY22 budget with over Rs 11,000-cr outlay

Aizawl, Mar 1 (PTI) Mizoram Chief Minister Zoramthanga
on Monday presented the annual budget for the 2021-22 fiscal
with an outlay of Rs 11,148.90 crore and no proposal to levy
new taxes or raise existing rates.

Zoramthanga also presented the supplementary demands
for grants for 2020-21 amounting to Rs 3,058.08 crore.

Revenue expenditure for 2021-22 is estimated at Rs
9,216.39 crore, which is 82.67 per cent of the total budget,
he said.

The CM, who also holds the finance portfolio, said the
state government is constantly taking measures to increase its
revenue from all sectors.

The revenue targets will be achieved not by imposing
fresh taxes but through more efficient tax collection, he
said.

The state government also expects a Rs 5,267.82-crore
grant from the 15th Finance Commission, and Rs 2,570.39 crore
for implementation of Centrally Sponsored Schemes (CSS),
Zoramthanga said.

He said in spite of limited revenue resources, his
government is aiming at maintaining a revenue surplus of Rs
579.42 crore in 2021-2022.

Zoramthanga added that the Mizoram government will
have to continue with its austerity measures till the state”s
financial position improves. PTI CORR
RBT RBT

Disclaimer :- This story has not been edited by Bollyinsidestaff and is auto-generated from news agency feeds. Source: PTI

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