Chief Minister Conrad K Sangma on Wednesday presented what he termed as the people’s budget for 2025-26 with a fiscal deficit of Rs 1,970 crore, which is around 2.96% of the GSDP. The estimated total receipts is at Rs 30,415 crore, of which the revenue receipts are estimated at Rs 25,591 crore and capital receipts at Rs 4,824 crore.
Excluding borrowings of Rs 4,788 crore, the total receipts are estimated to be Rs 25,627 crore. On the expenditure side, the total expenditure is estimated at Rs 30,003 crore, of which the revenue expenditure is estimated at Rs 20,556 crore and capital expenditure at Rs 9,447 crore. Excluding repayment of loans of Rs 2,406 crore, the estimated total expenditure is Rs 27,597 crore.
The interest payments for 2025-26 are estimated at Rs 1,347 crore and pension payments at Rs 1,824 crore. Presenting the budget, Conrad said that when the MDA 2.0 Government was formed in 2023, they had announced the target of making Meghalaya a $10 billion economy and doubling the State’s GSDP from the then Rs 2,697 crore to Rs 85,000 crore by 2028.
